The Transylvania Times -

Forget Forgiving Student Loans


The argument for student debt forgiveness is intuitive, compassionate but highly misleading. Why? Because it’s based on bad economics.

Brookings Institute argues that student loans - $1.3 trillion - are the largest source of household debt after mortgages. Some pundits are predicting an emerging student debt bubble while simultaneously advocating for preemptive action in the form of debt write-offs. The Obama administration took (executive) action in the form of Student Debt Relief Program arguing that such initiative benefits future consumers, whose lagging purchasing power is also a dr...

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