Why Student Debt Is So High and Why Forgiving It Doesn't Fix the Problem
What are the drivers that lead to higher student loan balances? Why a one-time student loan forgiveness program doesn't solve the problem of increasing student debt. What are some more viable longer-term solutions.
Topics covered include:
How big is the Biden Administration student debt forgiveness plan
How big has the student debt burden grown
Why are borrowings for students increasing
Why Baby Boomers spent so much less on college
How are student loans accounted for by the U.S. federal government
What is the impact on the deficit and potentially inflation of forgiving billions of dollars of student debt
