In an opinion piece published in Newsweek last week, Ms. Neetu Arnold wrote that the federal student loan system isn’t worth it for students or taxpayers. Ms. Arnold notes that President Biden has not provided for debt forgiveness of student loans in the latest White House budget proposal, despite promising to do so when he was campaigning for President. Subsequent to the publication of her opinion piece, the Department of Education announced on June 16 that it was going to forgive $500 million in loans for 18,000 former students of the ITT Technical Institute.