The Columbus Dispatch
The staggering student loan debt in this country estimated to be around $1.6 trillion stymies much of its young population. Many borrowers are putting off having families because they can’t afford the expense of raising children. Nor are they buying houses or cars, which would boost the economy.
This has led some advocates to call for forgiving the debt, with President-elect Joe Biden vowing during his campaign to forgive up to $10,000 for each borrower. More liberal Democrats are fighting for up to $50,000, and the progressive wing says all existing debt should be canceled.
Such a bailout would be hugely expensive, though; forgiving up to $50,000 would cost about $1 trillion. A disproportionate amount of that…
Read the full article at: https://www.dispatch.com/story/opinion/editorials/2020/12/28/editorial-student-loan-forgiveness-must-targeted/4017437001/