If a change is needed, it is of a different kind. The process through which students may petition for loan forgiveness may need to be streamlined and made clearer. If it acts at all, the Department of Education should redefine the current process and better communicate its availability to students. The new initiative, even if that is not its intention, has the potential to go too far because those who feed off society's productive activities – because that's where the money is – will take it there.
I will be discussing the study's findings, as well as the need to expand the pipeline of software talent, at a New America event today called "Software's Economic Impact The Drive for Talent." I will be joined by Ryan Burke, Senior Policy Advisor, National Economic Council, The White House; Mark Doms, PhD, Former Undersecretary for Economic Affairs, Department of Commerce; Lisa Guernsey, Director of New America's Learning Technologies Project; Melissa Moritz, Deputy Director of STEM, Department of Education; and Cameron Wilson, COO and VP, Government Relations, Code.org.