The United States economy faces many challenges, but student debt isnt one of them. Its true, total outstanding student debt is $1.26 trillion, far larger than car loans, which are $1.1 trillion or credit card debt, weighing in at $0.73 trillion. But still, student loan debt isnt something most Americans (even indebted millennials) should worry about.
But Bard College president Leon Botstein is worried. He thinks the next president should forgive student debt, all $1.26 trillion. Green Party Candidate Jill Stein has a similar proposal. You might question their motivations for pushing an expensive, regressive policy. Because for all the eye-popping figures, theres limited evidence that student debt harms millennials, let alone the…
Read the full article at: http://qz.com/759579/forgiving-all-us-student-loan-debt-sounds-amazing-heres-why-its-a-terrible-idea/
