✅Student loan debt won’t go away on its own, but untargeted forgiveness is not the answer. Across-the-board loan cancelation would undermine existing forgiveness programs and would primarily benefit well-off Americans. Targeted student loan assistance is a better way to benefit the people who actually need the most help.
For more information, visit the PolicyEd page here: https://www.policyed.org/intellections/poorly-targeted-student-loan-forgiveness/video
Read “Massive Student Loan Forgiveness Would Be a Lost Opportunity to Help Needy Americans,” by Michael Petrilli via USA Today. Available here: https://www.usatoday.com/story/opinion/2021/02/03/student-loan-massive-relief-drains-resources-from-needy-column/6699282002.
Read “Avoid the Pitfalls of Student Loan Forgiveness,” by Richard Epstein via Defining Ideas. Available here: https://www.hoover.org/research/avoid-pitfalls-student-loan-forgiveness.
Read “Is Student Debt Too Great?” by Gary Becker. Available here: https://www.becker-posner-blog.com/2012/05/is-student-debt-too-great-becker.html.
Read “The US Debt—Causes and Consequences,” a Policy Insights edition on PolicyEd. Available here: https://www.policyed.org/policy-insights/us-debt-causes-and-consequences.
Visit https://www.policyed.org to learn more.
Public Policy, Hoover Institution, Hoover Institute, Michael Petrilli, Student Loans, Student Loan Forgiveness, Loan Forgiveness, Education, College, Economics, Anti-Poverty, Public Service, College Degree
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