A fire of growing student loan debt has been burning for quite a while now, with the latest estimate topping out at $1.7 trillion.
Washington has just thrown gasoline onto the fire with student loan relief. The Biden administration recently made the decision to forgive $10,000 in student loan debt, or $20,000 for Pell Grant recipients, for those earning less than $125,000 annually.
This isn’t the first, or the last, time that Washington is making things worse. Whether it is education, healthcare, you name it — the federal government is great at creating more problems.
We can’t expect Washington to get its act together any time soon. But thankfully, states can help control the fire. Occupational licensing reform can get at the root cause of ever-growing student loan debt.
Continue reading at The Washington Examiner.
Edward Timmons, Associate Professor of Economics and Director of the Knee Center for the Study of Occupational Regulation at St. Francis University, writes frequently on the history and rise of occupational licensing and it’s relation to economic mobility.
Economics of Flourishing
A fire of growing student loan debt has been burning for quite a while now, with the latest estimate topping out at $1.7 trillion.
Washington has just thrown gasoline onto the fire with student loan relief. The Biden administration recently made the decision to forgive $10,000 in student loan debt, or $20,000 for Pell Grant recipients, for those earning less than $125,000 annually.
This isn’t the first, or the last, time that Washington is making things worse. Whether it is education, healthcare, you name it — the federal government is great at creating more problems.
We can’t expect Washington to get its act together any time soon. But thankfully, states can help control the fire. Occupational licensing reform can get at the root cause of ever-growing student loan debt.
Continue reading at The Washington Examiner.
Edward Timmons
Edward Timmons, Associate Professor of Economics and Director of the Knee Center for the Study of Occupational Regulation at St. Francis University, writes frequently on the history and rise of occupational licensing and it’s relation to economic mobility.
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