Should We Forgive Student Debt?
Open to Debate
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Forgiving Student Debt Is the Policy Sledgehammer
More than half of the outstanding student loan balance in the economy to day is held by people who are in the top forty % of the income distribution. If we were to forgive this debt, this would be a hugely progressive policy. Yes, people with low income would benefit, but people with high income would actually benefit statistically much more. To me, that's a very poor way of crafting a solution.
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