Forgiving student debt to help the economy is a hard sell. And how do you decide whose loan to forgive? There are complex fairness issues to weigh.
What should be done aboutAmerica’s$1.6 trillion in outstanding student debt?There is more student debt than credit card debt or any other kind of debt except mortgage debt.
Almost 45 million Americans have student debt, and the level is increasing. Seven in 10 seniors in the class of 2019 took out student loans.
With so much debt and comparatively lowincreasesin wages, more debt is in arrears. About 11% of student loans are delinquent or in default.With so much debt, graduates are unable to participate fully in th…
Read the full article at: https://www.usatoday.com/story/opinion/2021/02/01/student-loan-solution-fair-middle-ground-paying-off-debt-column/6669595002/