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The Student Debt Dilemma With Constantine Yannelis

Capitalisn't

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Loan Forgiveness

A lot of the current policy debate is focusing on loan forgiveness. One thing that's miss is that we already have a very progressive loan forgiveness programme. This is functioning very well, riht the student loan default rates at places like the university of chicago and harvard. Most oleat institutions now have no loans policies, so that students can pay without going for loans. So this is really a problem not at the top end of the distribution.

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