Student loan debt

Introduction
Pros
- Pro 1: Forgiveness of the debt would boost the economy, benefiting everyone.
- Pro 2: Student loan debt has disproportionately hurt Black students; forgiveness would help rectify this racial inequity.
- Pro 3: Student loan debt has infantilized a generation, preventing them from achieving milestones such as getting married, buying a house, and saving for retirement.
- Pro 4: Denying student loan debtors the benefits of bankruptcy—benefits that other debtors enjoy—is unfair.
Cons
- Con 1: Debt forgiveness is an abuse of the loan system and an affront to borrowers who paid off their debt; people must be held responsible for their economic choices.
- Con 2: Debt forgiveness would disproportionately help rich or more financially secure college graduates.
- Con 3: Discharging student loan debt would only be a temporary bandage on the much larger problem of inflated college costs.
- Con 4: Discharging student loan debt via bankruptcy would allow borrowers to abuse the loan system and encourage colleges to increase tuition.
Assessment quiz
1-minute survey
Discussion questions
Sources

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Images & Videos

A black graduation cap with a red tassel rests on top of scattered one hundred dollar bills.

Student loan debt: Media

Should student loan debt be eliminated via forgiveness or bankruptcy?

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Debt

Debt

Learn about good debt and bad debt.

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Images

A black graduation cap with a red tassel rests on top of scattered one hundred dollar bills.

Student loan debt

Should student loan debt be eliminated via forgiveness or bankruptcy?

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