Student loan forgiveness is a regressive policy that hurts working Americans

Lindsey Burke  |  November 19, 2020

By Lindsey Burke, includes “Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., are calling on the next administration to forgive $50,000 in student loan debt for every borrower through executive order, doing so, in Schumer’s words, ‘with the pen as opposed to legislation.’ As higher education scholar Preston Cooper writes, ‘At a cost of roughly $1 trillion, that might be the most expensive policy ever enacted by executive order.’ Not only does such a proposal come with a breathtaking price tag for taxpayers, it’s simply unfair. …”

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