Real cost of student loan forgiveness
Each spring, as tassels are turned and degrees are conferred, college graduates across the country celebrate the culmination of years of study, sacrifice and — inevitably for many — debt. Against this backdrop, the idea of student loan forgiveness is touted by many as a compassionate and progressive policy, a generous gift to the newest members of the workforce. But such a policy, while emotionally appealing, is fraught with economic, moral and social consequences that far outweigh its supposed benefits. Let us begin with a simple question: If student loan forgiveness is ...