Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership.
Here’s a novel approach to the problem just make it go away entirely.
A new report from the Levy Economics Institute of Bard College suggests that simply wiping out the current student loan debt would provide significant economic benefit for at least ten years after debt cancellation. The report suggests that unburdened Americans would have more disposable income to invest an…
Read the full article at: https://www.petoskeynews.com/news/business/moneytips/would-cancelling-all-student-debt-help-the-economy/article_90f080dc-eed8-5b11-9dc4-18d778b5359c.html
