This has been said by many people who are smart enough to see it, but Democrats continue to insist this is about helping disadvantaged students.
Campus Reform reports:
Top business school profs say student loan forgiveness, is a ‘highly regressive policy’A working paper from professors at two of the nation’s top business schools is adding to the data calling student loan forgiveness policies into question.University of Pennsylvania Wharton School Professor Sylvain Catherine and University of Chicago Booth School Professor Constantine Yannelis found student loan forgiveness, a policy supported by former Vice President Joe Biden, to be a “highly regressive policy,” disproportionately benefiting wealthier Americans.Catherine took to social media to summarize the study’s core findings.Notably, the average person in the bottom decile of income earners would receive $3,000 of balance forgiveness in present value terms, while someone in the top three deciles would receive roughly $8,000,
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