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Biden’s Student-Loan Plan Throws Money at the Middle Class, Not the Wealthy

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Biden’s Student-Loan Plan Throws Money at the Middle Class, Not the Wealthy

National Review Online August 26, 2022
EconomicsBudget
EducationHigher Ed

For the past few years, one of the main talking points against student-debt cancellation has been that it would disproportionately benefit the well-to-do. I’ve banged that drum myself.

But give Biden credit where it’s due: Per the new analysis from the Penn Wharton Budget Model that John McCormack noted here, Biden managed to tweak the idea so it shovels its free money first and foremost to the middle class instead.

Continue reading the entire piece here at National Review Online

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Robert VerBruggen is a fellow at the Manhattan Institute. Follow him on Twitter here.

Photo by BrianAJackson/iStock

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