I’ll have the pleasure on Wednesday of chatting with college students at Harvard’s Kennedy College of Authorities. What is going to I inform them? One of the simplest ways for the subsequent technology of public service leaders to provide again is by diminishing the substitute worth of their costly school levels. It’s time to debunk the fiction {that a} prestigious diploma is the one key to the American dream.

President’s Biden’s transfer to cancel federal student-loan debt showcases the higher-education system’s brokenness. It is going to make already crippling ranges of inflation even worse, elevate the price of school, and burden future generations with much more debt.