With skyrocketing tuition and shrinking economic opportunities for young graduates, rising student debt is a strain our fragile economy cannot afford.
Policymakers must act quickly to cancel student debt. Doing so would not only offer immediate relief to borrowers but provide a much-needed boost to the economy.
This fact sheet includes how:
- Student debt creates decades of hardship for millions of American families while acting as a drag on the economy.
- Broad student debt cancellation can positively change the trajectory of borrowers’ lives.
- Broad student debt cancellation can stimulate the macroeconomy and boost GDP.