Biden’s Student-loan Entitlement

Nat Malkus , Howe Whitman III & Daniel Wiser, Jr.

August 13, 2023

As his term has progressed, President Joe Biden has acted more aggressively on student-loan forgiveness than anyone might have expected. And even now, the scope of what he proposes is not obvious to many. Little-noticed changes to income-driven repayment rules could dwarf the more familiar loan-forgiveness agenda, transforming the federal student-loan system and, over time, rendering it unsustainable.

Guest Nat Malkus joins us to discuss why the Biden administration’s proposed student-loan reforms would be “disastrous,” and why Congress needs to act.

Nat Malkus is a senior fellow and the deputy director of education policy at the American Enterprise Institute. He is also the host of the AEI podcast, “The Report Card with Nat Malkus,” in which he discusses the latest in education with some of the field’s most interesting researchers, practitioners, and policymakers.

This podcast discusses themes from Nat’s essay in the Summer 2023 issue of National Affairs, “The Looming Student-loan Entitlement.”


from the


A weekly newsletter with free essays from past issues of National Affairs and The Public Interest that shed light on the week's pressing issues.


to your National Affairs subscriber account.

Already a subscriber? Activate your account.


Unlimited access to intelligent essays on the nation’s affairs.

Subscribe to National Affairs.