Report Highlights. Economic models indicate cancelling student loan debt would support economic growth, such as increasing the U.S. gross domestic product (GDP) by $216.23 billion (in 2025 dollars) in the first year.
- In one economic model, cancelling student loan debt by up to $10,000 per borrower student loan borrower added $1.083 trillion to the U.S. GDP over 10 years.
- The initial cost to cancel up to $10,000 per student loan borrower totals $355.2 billion for a potential return on investment (ROI) of 205%.
- 1-in-3 federal student loan borrowers (14.6 million) have an outstanding balance of $10,000 or less.
- Cancelling student loan debt may reduce unemployment by adding up to 1.5 million new jobs as a direct result of financial…