Biden’s Student-Loan Forgiveness Makes Reform Urgent - WSJ Opinion

To capitalize on previous expansions of federal student-loan programs, universities have added more than 9,000 new master’s degree programs over the past decade. More are sure to come, even though research shows that nearly half of master’s degrees don’t provide a positive return on investment.

Not all education must be economically driven, but when over half underperform, that’s a problem.