Forgiving Student Debt Would Boost Economy, Economists Say
U.S. · BUSINESS · POLITICS
February 2, 20205 min read933 words
Published: February 2, 2020  |  5 min read933 words
Forgiving Student Debt Would Boost Economy, Economists Say Democratic presidential candidates want to obliterate student debt. Economists say that could help with income inequality, but it would come with a big price tag and risks.Heard onToggle more optionsPresidential hopefuls ...
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February 3, 2020
This article covers both sides of this issue on the disparity in loan debt relative to professional degree, i.e. doctors versus teachers , It also brings up the concept of moral hazard where current students who believe debt relief is assured for them might maximize loans for costs set at a premium at certain institutions .I still feel it left out vital information that reflects the climate of adversity present in Congress . The fact that Betsy DeVos is invested in for profit education, which siphons public money into vouchers and charter schools to benefit private investors, is worth noting. It would be useful to know Congress rejected legislation allowing interest rates to be renegotiated for these loan programs. Knowing what the interest rate is and who is profiting from it would provide a better understanding of how this process works and how a commodity chain of administrators add costs to such programs stretched out into the future.
February 3, 2020
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February 3, 2020
A very balanced and fair article outlining the student loan forgiveness policy and the potentially enormous positive impact it could have on the economy and especially millennial wealth. Very thorough and well done.
February 3, 2020
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February 3, 2020
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February 3, 2020
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