Good morning, friends.
The cost of higher education has become a thing of nightmare.
Most of us will agree with that statement.
Consensus about a solution to the growing problem — that's another thing entirely.
Neither Logan Kolas, an economic policy analyst with The Buckeye Institute’s Economic Research Center, nor David McClough, an associate professor of economics at Ohio Northern University's James F. Dicke College of Business Administration, were among those jumping for joy.
In separate pieces, the men broke down why they think student loan forgiveness would be trouble with a capital "T."
McClough says that Biden can not be blamed for the woes of the world, but he would be very much at fault for harming American families if he forgives student loans.
"Indeed, he will worsen a legacy that already includes permitting genocide in a country the U.S. promised to protect, mishandling a pandemic, and advocating inflation-fighting tactics that exacerbate inflation," he wrote in a recent Dispatch guest column.
Kolas says loan forgiveness would be “reverse Robin Hood."
"Rightly pilloried as a bailout for rich kids, forgiving federal student loan debt rewards the risky behavior of those who promised to repay loans after going to college by taxing workers who have either been repaying college debts for years or never borrowed money for school in the first place," he writes.
That's one way to look at it, but what do you think?
Do you think Biden should cancel student loan debt?
Let me know in a letter to the editor of 200 words or less sent to Letters@Dispatch.com. Include your name, address and phone number.
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This article originally appeared on The Columbus Dispatch: Is student loan forgiveness the worst possible thing that could happen?