Education Policy

In a video interview, Kathleen Hall Jamieson of the Annenberg Public Policy Center discusses the Center’s Constitution Day civics survey and the importance of civics education.

The White House says that the Penn Wharton Budget Model’s analysis supports its findings that most student loan forgiveness benefits will flow to low and middle earners.

An analysis by the Penn Wharton Budget Model estimates that President Biden’s loan plan will cost $519 billion over 10 years, with 75% of the benefit going to households making $88,000 or less per year.

An analysis by the Penn Wharton Budget Model finds that three-quarters of the benefits of President Biden’s student loan plan will go to low-income and middle-class earners, even among borrowers ages 25 to 35. 

An updated analysis from the Penn Wharton Budget Model projects that President Biden’s additional loan forgiveness for borrowers with Pell Grants could raise the plan’s cost to $519 billion, with most of the benefit accruing to low- and middle-income workers.

Kent Smetters of the Wharton School says that President Biden’s loan forgiveness plan has no specific dedicated revenue for its costs and would simply add to the national debt.

Abby Reisman and Ismael Jimenez of the Graduate School of Education join a team of Philadelphia educators to discuss American history, equity and inclusion, critical race theory, and other educational issues of 2022.

Kent Smetters of the Penn Wharton Budget Model says that Biden’s student loan forgiveness plan will simply create debt to be paid out over time, adding to an already sizable national debt.

Kent Smetters of the Penn Wharton Budget Model says that student debt relief’s effect on inflation would only be about a tenth of a percent.