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Facing growing discontent over the rising student loan repayments in the middle of a Pandemic, many prominent Democrats — and some Republicans — are calling on Washington to cancel much of the $1.7 trillion that Americans owe. 

They say it would help level the playing field, stimulate the economy, unbridle graduates to pursue what they want, and offer a lifeline amidst the largest health crisis the world has seen in decades. 

But others argue that it would balloon the federal deficit, waste taxpayer money and benefit wealthy borrowers who don’t need their student loans canceled.

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MPR News Staff

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Facing growing discontent over the rising student loan repayments in the middle of a Pandemic, many prominent Democrats – and some Republicans – are calling on Washington to cancel much of the $1.7 trillion that Americans owe. But some argue that it would balloon the federal deficit, waste taxpayer money and benefit wealthy borrowers who don’t need their student loans canceled.

Intelligence Squared debate: Should America forgive student debt?

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