Economists not convinced student debt forgiveness would be a positive for the economy, survey finds

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 52%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

An estimated 45 million people in the United States collectively hold about $1.6 trillion in student loans.

In an attempt to help ease the financial burden of higher education, legislators at both the state and federal level have also pushed for legislative changes to tackle the cost of college.

Senator Bernie Sanders stood by his plan, which took student debt forgiveness a step farther than Senator Elizabeth Warren's plan by wiping out all $1.6 trillion worth of loans. Senator Elizabeth Warren speaks during a press conference on Capitol Hill July 23 in Washington, D.C. A recent poll found that the majority of members ofWin McNamee/Getty

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Terrible headline. “Some economists not convinced...” would have been more honest.

You do realize who was involved in this survey... right? Chief Economists of Goldman Sachs, Ford, Wells Fargo, Fed Reserve Bank of Dallas, etc... Obviously they'd be against Warren... They are freaking living off of tax cuts right now. Maybe you could survey actual economists?

Economists have favored student debt as profitable for lenders; they did not consider how massive debt after college stops people from buying anything.

Ya think?

If Liz promises to forgive credit card debt, she’ll get my vote. Warren / Dolezal 2020 . WarrenDolezal2020 NeverTrump NeverBernie . SenWarren ewarren

bullpiss

Lets teach our kids they don't have to pay for nothing and everything should be free. I not fair to the people who have paid off their student loans.

That certainly didn't stop the Trump tax bailout...lol. Not that that makes it a sound policy.

Imagine that, those same economists believed that bailing out banks and big corporations during the last recession was a great idea 🤔

It might just be positive for those burdened by the debt, ya think?

That’s not the only reason to do it

What about the fairness of someone making the choice of trade school or someone working during college to keep debt down?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in EDUCATİON

Education Education Latest News, Education Education Headlines