Beth Akers

Beth Akers
Born1983
NationalityAmerican
Alma materColumbia University
OccupationEconomist
Organization(s)Manhattan Institute for Policy Research, American Enterprise Institute

Elizabeth "Beth" Akers (born 1983) is an American economist known for her advocacy for reform of the federal student loan and financial aid system in the United States.[1]

Career

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From 2016 to 2021, Akers was a senior fellow of the Manhattan Institute for Policy Research,[2] during which she coauthored Game of Loans: The Rhetoric and Reality of Student Debt, published in 2016.[3] Akers was formerly an expert at the Brookings Institution, an American think tank,[4] as well as a member of the Council of Economic Advisors under president George W. Bush.[5] In 2021, she authored a second book, Making College Pay.[6][7]

Akers has written and contributed to publications such as The Hill,[8] Federalist Society,[9] RealClearEducation,[10] The Boston Globe,[11] Education Next,[12] U.S. News and World Report,[13] Washington Examiner,[14] New America,[15] The Seattle Times,[16] Pioneer Press,[17] The Washington Post,[18] and National Review.[19] She has also given testimony for the House Committee on Education and the Workforce regarding higher education.[20]

Political opinions and reception

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In her book, Akers wrote that the education financing system is simply far too complex for the average student or parent borrower to navigate well. She argues that the United States Department of Education should simplify federal financial aid, adopt a single, income-driven repayment plan for federal student loans, and bring market discipline into student lending in innovative ways.

She has stated that enrolling more student loan borrowers into a plan with more protections would be a positive for the system. She has stated she is against of paycheck withholding as being the only option for a loan repayment, but acknowledges that that system would have clear benefits, with automatic payments eliminating "unnecessary defaults". She stated, "The Idea that payroll withholding could be a substitute for our broken loan-servicing system is appealing..."[21]

In 2019, under the American Enterprise Institute, Ackers published an analysis of student loans, finding a pattern of costs that continued through the decade's end.[22] She stated:

"I think Republicans will certainly face pressure to ensure that future Democratic presidents don’t have the authority to cancel more student debt. Their constituents have often been critical of the president's efforts", said Beth Akers, senior fellow focused on higher education and student loans at the American Enterprise Institute (AEI). "But this isn't an issue that Republican leaders needed an outraged constituency to motivate them to act. The unlawful and unfair forgiving of student loans goes against the basic tenets of Republican and conservative ideology".[23]

Akers has shown support for a financial aid reform that distributes a larger percentage of money towards students most in need of it.[24]

Education

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Akers received a Bachelor of Science in mathematics and economics from University at Albany, SUNY and a Ph.D. in economics from Columbia University.[25]

References

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  1. ^ William Elliott III, Melinda K. Lewis, Student Debt: A Reference Handbook (2017), pages 145-46.
  2. ^ "Beth Akers Archives". Manhattan Institute. Retrieved August 6, 2023.
  3. ^ Akers, Beth; Chingos, Matthew M. (2016). Game of Loans: The Rhetoric and Reality of Student Debt. Princeton University Press. doi:10.2307/j.ctt1wf4cnf. JSTOR j.ctt1wf4cnf.
  4. ^ "Beth Akers". Brookings. Retrieved August 6, 2023.
  5. ^ "Beth Akers Archives". City Journal. Retrieved August 6, 2023.
  6. ^ "Making College Pay by Beth Akers: 9780593238530 | PenguinRandomHouse.com: Books". PenguinRandomhouse.com. Retrieved August 6, 2023.
  7. ^ Kantrowitz, Mark (May 3, 2021). "How To Make College Pay". Forbes. Retrieved August 7, 2023.
  8. ^ Akers, Beth (February 27, 2023). "What to expect from the Supreme Court on Biden's student loan cancellation". The Hill. Retrieved August 6, 2023.
  9. ^ "Dr. Elizabeth Akers". fedsoc.org. September 20, 2022. Retrieved August 6, 2023.
  10. ^ "Beth Akers | Author | RealClearEducation". www.realcleareducation.com. Retrieved August 6, 2023.
  11. ^ Akers, Beth (August 29, 2022). "Biden's student loan debt plan is driven by politics, not economics". Boston Globe. Retrieved August 7, 2023.
  12. ^ "Beth Akers, Author at Education Next". Education Next. Retrieved August 6, 2023.
  13. ^ "Beth Akers". U.S. News and World Report. Retrieved August 6, 2023.
  14. ^ "Beth Akers". Washington Examiner. Retrieved August 6, 2023.
  15. ^ "Beth Akers". New America. Retrieved August 6, 2023.
  16. ^ "Beth Akers | The Seattle Times". www.seattletimes.com. July 17, 2019. Retrieved August 7, 2023.
  17. ^ Akers, Beth (July 26, 2019). "Beth Akers: There's too much emphasis on reducing student loans, not enough on reducing risk". Twin Cities. Retrieved August 7, 2023.
  18. ^ Akers, Beth (July 17, 2019). "There's too much emphasis on reducing student loans and not enough on reducing risk". Washington Post. Retrieved August 7, 2023.
  19. ^ "Beth Akers". National Review. Retrieved August 6, 2023.
  20. ^ "Challenges and Opportunity in Higher Education" (PDF). edworkforce.house.gov. February 7, 2017. Retrieved August 6, 2023.
  21. ^ Kreighbaum, Andrew (February 19, 2019). "Proposal for payroll withholding sets off debate on student loan system". www.insidehighered.com.
  22. ^ Hess, Frederick (January 26, 2022). "Biden's Ambitious Higher Ed Agenda Has Stalled Out". Forbes.
  23. ^ Lonas, Lexi; Folley, Aris (November 11, 2022). "How a GOP House could affect the student loan forgiveness plan".
  24. ^ Saunders, Debra J. (September 17, 2012). "Price of Obama's 'college affordability' plan". Statesman Journal. pp. C5. Retrieved August 7, 2023.
  25. ^ "Beth Akers". Manhattan Institute.
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