Marc Goldwein: Student Debt Cancellation a Bad Deal for 85% of Americans

Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Inside Sources, an excerpt of which is below. 

As inflation surges, the White House has rightly shifted its focus to the importance of lowering prices and reducing deficits, while asking the rich to “pay their fair share” toward the solution. Broad student debt cancellation would undermine each of these goals.

While there are certainly many Americans struggling with student debt, broad cancellation would disproportionately benefit high-income households while worsening inflation, boosting deficits, and lifting future tuitions to make college even less affordable.

Read the entire piece here.

Published works by members or staff of the Committee for a Responsible Federal Budget do not necessarily reflect the views of all members or staff of the Committee.