![Interior of UC's Carl H. Lindner College of Business.](https://www.uc.edu/news/articles/2023/03/n21158640/jcr:content/image.img.cq5dam.thumbnail.500.500.jpg/1680021320408.jpg)
NPR: What would happen if student loans were forgiven?
UC economist joins NPR's Marketplace to discuss student loan forgiveness
NPR's Marketplace wanted to know what would happen if some or all student loans were forgiven and turned to experts, including University of Cincinnati economist Michael Jones.
Michael Jones, PhD, associate economics professor-educator and Kautz-Uible Economics Institute Academic Director.
Jones, PhD, the Kautz-Uible Professor of Economics at UC’s Carl H. Lindner College of Business, said the pause on student loan payments in the early days of the COVID-19 pandemic was a relief for millions of people. Now that unemployment has decreased and the economy has strengthened, Jones said, the justification for the pause isn't as strong.
If President Joe Biden's plan to cancel $10,000 to $20,000 of debt for some borrowers was enacted, Jones said, economists worry it could add to inflation.
Another concern of forgiving student debt is “moral hazard,” the idea that students might make riskier choices if they think their debt will end up being forgiven, Jones said.
Featured image at top: Interior of UC's Carl H. Lindner College of Business. Photos/Andrew Higley/UC Marketing + Brand
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Designing the next generation of drug delivery
July 18, 2024
UC Assistant Professor Briana Simms talks to PhRMA about using nanoparticles to deliver medicine.
Lindner changes designation from Master of Arts to Master of Science in human resources
July 18, 2024
After a multi-year process, the master’s degree program in human resources at the Carl H. Lindner College of Business has received the Master of Science designation as approved by the University of Cincinnati Graduate College and the Ohio Department of Higher Education.
Mural by UC grad honors U.S. military history
July 17, 2024
![Local 12 logo](/content/dam/refresh/uc-news/news-icons/dark/wkrc-logo-dark.png)
Local 12 highlighted a new mural by University of Cincinnati graduate and artist Brandon Hawkins that pays tribute to U.S. military history.
Social media fuels extreme political rhetoric
July 17, 2024
![Local 12 logo.](/content/dam/refresh/uc-news/news-icons/dark/wkrc-logo-dark.png)
UC College of Arts and Sciences Professor Jeffrey Blevins tells Local 12 that online algorithms fuel political polarization on social media.
We love ‘Lucy’ — the AI avatar redefining UC tech transfer
July 17, 2024
In a visionary leap at the University of Cincinnati, the marriage of artificial intelligence and interactive technology has birthed "Lucy," a Smarthelp AI avatar poised to revolutionize how regional industries engage with UC's tech transfer initiatives.
NIS program opens new horizons for international student
July 17, 2024
In his pursuit of physics and a taste for research, Akash Khanikor ventured from his hometown in India's Assam to the University of Cincinnati, drawn by the promise of hands-on exploration early in his undergraduate career as a NEXT Innovation Scholar.
Camp aims to empower children, teens who stutter
July 17, 2024
A one-week, evidence-based program for children and teens who stutter at the University of Cincinnati will teach kids to communicate effectively, advocate for themselves and develop confidence about their communication abilities. Camp Dream. Speak. Live., which is coming to Cincinnati for the first time July 22-26, began in 2014 at the University of Texas at Austin. The Arthur M. Blank Center for Stuttering Education and Research at UT expects to serve more than 2,000 children at camps across the United States, Africa, Asia and Europe this year.
From intern to full-time: Recent Lighting Design grad joins Bandit Lites
July 16, 2024
![Lighting & Sound America](/content/dam/refresh/uc-news/news-icons/dark/LSA-bw-logo.png)
Lighting & Sound America spotlights recent graduate Riley Rowan's new position at Bandit Lites, a full-service design, management and producer of live events and entertainment.
CCM alum Donald Lawrence to be inducted into Cincinnati Black Music Walk of Fame
July 16, 2024
![The Cincinnati Herald](/content/dam/refresh/uc-news/news-icons/dark/cincinnati-herald.png)
UC College-Conservatory of Music alumnus Donald Lawrence is part of the 2024 class of Cincinnati Black Music Walk of Fame inductees. Located at the Banks in downtown Cincinnati, the induction ceremony on July 27 will feature a parade of stars and a free concert by the Zapp Band.
U.S. stroke survival is improving, but race still plays role
July 16, 2024
![U.S. News & World Report logo](/content/dam/refresh/uc-news/news-icons/dark/us-news.png)
U.S. News & World Report, HealthDay and Real Health covered new research from the University of Cincinnati that found overall rates of long-term survival following stroke are improving, but Black individuals experience worse long-term outcomes compared to white individuals.