Chet wordmark with orange bowtie Chet wordmark with orange bowtie

Biden Decision on Student-Loan Forgiveness Unlikely Until Later in Summer, Officials Say - WSJ

Officials said he remains concerned about the possible effects the move could have on record inflation, cautious about doing anything that could be perceived as contributing to high prices.

Too late.

If borrowers assume that a large share of federal student loans are likely to be forgiven, that in effect increases government spending by turning loans into de facto grants. It could also encourage colleges and universities to continue to raise tuition prices with the expectation that the costs would ultimately not be borne by their students.

You don’t say!

All Posts