Latest student debt relief plan could save 11,700 Arizonans $840 million

Loan forgiveness benefits both borrowers and the greater economy, ASU expert says.

In this story published Oct. 5, 2023, in the Tucson Sentinel:

[Student debt forgiveness] would enable them (borrowers) to redirect the payment to things like automobile loans, housing loans, just … get by day to day... Injecting cash or liquidity into the family budgets of this group of people will then help them afford a housing payment. The high interest rates are going to be a barrier but this will be, you know, some added relief.

– Dennis Hoffman, director of the L. William Seidman Research Institute at the W. P. Carey School of Business and director of ASU’s Office of the University Economist