Student loan bailout is ‘bad economics,’ finance professors argue

Student loan bailout is ‘bad economics,’ finance professors argue
"A pair of finance professors recently argued that a student loan bailout for all borrowers would represent “bad policy” and “bad economics.”...

They wrote in The Hill:
Our research shows that student loan forgiveness primarily benefits affluent borrowers. 

Full cancelation would distribute 

• $192 billion to the top 20 percent of earners, and only 
• $29 billion to the bottom 20 percent — 

meaning that for 

• each dollar given to the bottom fifth of earnings, 
• more than $6 are given to the top fifth of earners. 

Economists overwhelmingly agree that student loan forgiveness is a regressive policy that disproportionately benefits high earners..."