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Tyler Cowen

Higher Education Is About to Get Even More Political

Critics of the president’s loan-forgiveness program see it as rewarding Democratic interests, so Republicans will retaliate at their first opportunity.

Placid now, but for how long?

Placid now, but for how long?

Photographer: Alexi Rosenfeld/Getty Images North America

Debate has swirled over President Joe Biden’s student loan-forgiveness plan, but there has been relatively little consideration of some of its longer-run ramifications. Whatever you think of the initiative itself, it may herald a turning point for US higher education.

Critics of the policy see it as rewarding Democratic supporters and interest groups, including university faculty and administrators but most of all students. This perception, regardless of whether it’s true, will influence political behavior.