In a survey published by Scioto Analysis this morning, economists in Ohio did not believe state student loan forgiveness would increase tuition rates or inflation.
The respondents were split on the question of whether an Ohio student loan forgiveness would help Ohio retain educated workers. Some believed Ohio would retain more workers only if the loan forgiveness was contingent on years spent living and working in Ohio.
Most economists believed that student loan forgiveness would not affect tuition prices or inflation. Some economists said whether loan forgiveness could be expected again in the future would impact tuition prices more than a one-time forgiveness. Most economists also said such a program would likely have a negligible impact on inflation if any.
The Ohio Economic Experts Panel is a panel of over 40 Ohio Economists from over 30 Ohio higher educational institutions conducted by Scioto Analysis. The goal of the Ohio Economic Experts Panel is to promote better policy outcomes by providing policymakers, policy influencers, and the public with the informed opinions of Ohio’s leading economists.