Student Loan Forgiveness as a Corona-Economy Stimulus Strategy
- May 5, 2020
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Forgiving federal student loans is a smart, moral and effective means of blunting the economic devastation of the Corona-Economy. Currently, 44 million Americans have student loans totaling $1.6 trillion. In 2010, student loan debt in the United States was roughly $833 billion. Ten years later, that number has exploded to more than $1.6 trillion.
Relieving working Americans from this burden would be a tremendous shot in the arm to the economy as it collapses under the weight of corona shutdowns.