In the first episode of the new year, I’m detailing a policy proposal many have called on Joe Biden to implement soon after he takes office – student loan debt forgiveness. I’ll explain arguments for and against it, as well as the economic impact it could have both on individuals and the nation as a whole.
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Resources referenced: total student loan debt, credit card and auto loan debt, medical debt, demographics of repayment, impact of $10,000, racial wealth gap, unemployment rates, CARES Act provision, arguments against cancellation, GDP increase, predatory lending practices, rising education costs, impact of 2017 tax cuts, comparison of loan forgiveness and tax cuts, trickle down economics
