The Buckeye Institute: Student Loans Forgiven but Negative Consequences Not Forgotten
The Buckeye Institute commented on the Biden Administration’s “poorly conceived” decision to forgive student loan debt, which will help “those who need it least—college graduates who can expect to make more money in the future as a reward for their investment.” The decision will negatively impact nearly everyone who “will pay the price through higher inflation and higher taxes.” “Student loans can be forgiven, but the negative consequences certainly will not be forgotten.”