Abraham comments on student loan forgiveness

Faculty Associate Katharine Abraham, a member of President Obama's Council of Economic Advisors, recently wrote (with Michael B Strain, AEI) in Politico that "Blanket forgiveness of student loans . . . is regressive and unfair."

The authors note: "One of the bedrock principles of sound economic policy is that similarly situated people should be treated similarly. Student loan forgiveness would take a hatchet to this principle. It would be a slap in the face to individuals from modest backgrounds who attended college but never took on debt or have already paid it off. What would the administration say to a person who struggled for years to pay off her student loans, finally becoming debt free last month?" 

See the Politico Opinion piece

Biden’s About to Make a Big Mistake on Student Loans, Politico Magazine, May 31, 2022, Abraham