Student Loan Forgiveness: Can The US Erase Student Debt?

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Published on 29 Apr 2019, 15:59
The U.S. has roughly $1.57 trillion in student debt. Some Democrats want to create student loan forgiveness plans that make that, or at least a large portion of it, disappear.

Canceling student debt has gained steam with 2020 candidates vying for the votes of young college-educated Americans. On April 23, Sen. Elizabeth Warren, D-Mass. was the first 2020 presidential candidate to unveil a plan to erase large portions of student debt.

But what would it actually take to eliminate a big chunk of government-held student debt, and is it really a good idea?

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Student Loan Forgiveness: Can The US Erase Student Debt?