Another working paper finds student debt forgiveness is a ‘highly regressive policy’
Last week I wrote about two different reports looking at student debt forgiveness, both of which argued it was a lousy idea. One report argued it would a) cost a lot of money and b) mostly benefit people at the top who are doing relatively well. The other report made the case that it would provide relatively little stimulus to the economy because most of the debt being forgiven was going to be paid off over decades. So the actual savings in the form of monthly payments would only be a few hundred a month for many people. Yesterday, another working paper was published which came to similar conclusions. One of the authors highlighted the bottom line on Twitter:
MORE AT THE LINK: http://hotair.com/archives/john-s-2/2020/12/01/another-working-paper-finds-student-debt-forgiveness-highly-regressive-policy/?bcid=3d3cc08e7f4993eca7803ddfd6b7add0&;utm_campaign=nl&utm_medium=email&utm_source=hadaily
If you think education is expensive, try ignorance.
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