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, PhD, is Vice President of Policy at the Archbridge Institute. He leads the institute's economic policy strategy, identifying focus areas and disseminating work to key stakeholders and policymakers. His own research focuses on labor economics and regulatory policy; he is regularly asked to provide expert testimony to U.S. states on occupational licensing reform and the practice authority of nurse practitioners. Dr. Timmons received his Ph.D. in economics from Lehigh University and his B.A. in economics and actuarial science from Lebanon Valley College. He publishes a weekly newsletter on Substack with the latest research and policy insights surrounding occupational licensing.
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, PhD, is Vice President of Policy at the Archbridge Institute. He leads the institute's economic policy strategy, identifying focus areas and disseminating work to key stakeholders and policymakers. His own research focuses on labor economics and regulatory policy; he is regularly asked to provide expert testimony to U.S. states on occupational licensing reform and the practice authority of nurse practitioners. Dr. Timmons received his Ph.D. in economics from Lehigh University and his B.A. in economics and actuarial science from Lebanon Valley College. He publishes a weekly newsletter on Substack with the latest research and policy insights surrounding occupational licensing.
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