Student debt in the US is worth a whopping $1.5 trillion. Graduates are so burdened with debt, according to reports, that they arent buying homes or getting married. Even grandparents are burdened by student loans, having borrowed on their grandkids behalf.
It is no wonder, then, that US presidential candidate Elizabeth Warren has promised to wipe out student debt for three-quarters of all borrowers, as well as make public college free to attend. Her plan to forgive loans will cost more than $600 billion, on top of the cost of free college.
In a world of limited resources, its worth asking: is student debt really an urgent problem thats weighing down the economy?
Why student loans are special
Student debt is special, but not because of its s…
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