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Open Debate
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12
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21
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29
Opinions
Statistics
- Yes
- 12
- No
- 8
- Undecided
- 1
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:
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.
