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Facing growing discontent over rising student loan repayments that burden many young Americans, some are calling on lawmakers in Washington to forgive—that is, cancel—much of the $1.7 trillion that students have borrowed from the federal government to finance their educations. Canceling student debt, supporters argue, would help level the playing field, stimulate the economy, and free graduates to pursue what they want. But such cancelation, opponents argue, would balloon the federal deficit, waste taxpayer money, and benefit wealthy borrowers who don’t need their student loans forgiven. Should America forgive student debt?
Length: 74 minutes
Copyright date: ©2021
Prices include public performance rights.
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