Economic

Should the federal government forgive up to $50,000 in student loan debt for qualified borrowers?

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Canceling part of federal student debt aims to relieve financial burden and stimulate the economy. Opponents argue it’s unfair to those who have repaid or never attended college.

Pros:
  • It boosts disposable income and consumer spending.
  • It reduces stress and mental-health strains on young adults.
  • It may narrow racial and income-based wealth gaps.

Cons:
  • It risks moral hazard, encouraging future borrowing.
  • The fiscal cost could exacerbate budget deficits.
  • Benefits accrue unevenly to higher-earning graduates.

Conclusion: Debt forgiveness offers relief and growth but demands careful eligibility and fiscal safeguards.

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