Is forgiving all federal student loan debt a good idea?

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President Biden is expected to announce a decision soon on whether to forgive some amount of student loan debt.

More than 41 million people have outstanding federal student loans, worth a total of more than 1.5 trillion dollars.

And many progressive politicians have called for canceling the debt. But not everyone thinks canceling all the debt is a great idea. Here & Now's Scott Tong speaks with Jerusalem Demsas, staff writer at the Atlantic. She wrote the article "Who Really Benefits From Student-Loan Forgiveness?" She also has student debt of her own.

This segment aired on May 16, 2022.


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