Creighton University Economist, Ernie Goss, says student loan forgiveness ends up being a windfall for colleges and universities — but he’s not in favor of them:
“I’m not very positive about that. I’m on the conservative side, meaning if you borrow to pay it back.”
Goss says one problem is schools end up raising tuition and he says it has negative impacts on what is sometimes thought of as income inequality. Those who support loan forgiveness say the recipients will spend the money they would have paid on the loans on other things and also help cut inflation.