Education is the single highest-return investment most Americans will make, so getting our system of higher-education finance right is fundamentally important for US households and the economy.
A key point in the student-loan debate is that the outcomes of borrowers vary widely. Undeniably, a significant number of borrowers are struggling, and are sympathetic candidates for some kind of relief. Student-loan balances have surged over the past decades. According to the New York Fed, last year student loans had the highest delinquency rate of any form of household debt.
Most student borrowers end up as higher earners who do not have difficulties repaying their loans. A college education is, in the vast majority of cases in America, a ticke…
Read the full article at: https://review.chicagobooth.edu/economics/2021/article/how-get-help-student-debt-holders-who-really-need-it
