Creighton Economist Doesn’t Think Student Loan Forgiveness Will Help Inflation

(Omaha, NE) — Creighton University Economist, Ernie Goss, says student loan forgiveness ends up being a windfall for colleges and universities — and he thinks it will increase inflation — not reduce it. Goss says one problem is schools end up raising tuition, and he says it has negative impacts on what is sometimes thought of as income inequality. Goss conducts the Midwest Economic survey of purchasing managers, and he also surveys rural bankers. He says nine out of ten bankers think the recently passed Inflation Reduction Act will also cause inflation to increase instead of dropping.