To address the $1.5 trillion in outstanding student debt that is held by American borrowers today, it is vital to have a full debate about the costs and benefits of potential solutions. But this debate must be grounded in a solid understanding of the problem. David Leonhardt’s recent takedown of universal student-debt cancellation flows from
Why This Matters is a series from Roosevelt staff connecting our individual work—from papers to reports and everything in between—to our broader vision of creating a better, more equitable economic and political system. This series will give readers the top takeaways from our latest writing and thinking, with a focus on why they matter as we
FOR IMMEDIATE RELEASE: October 16, 2018 CONTACT: Mariam Ahmed, firstname.lastname@example.org NEW ROOSEVELT PAPER EXPOSES FLAWS IN CONVENTIONAL UNDERSTANDING OF STUDENT DEBT Higher education, labor experts show student debt drives systemic economic insecurity NEW YORK, NY – With total student debt in the U.S. reaching a record high of over $1.5 trillion, the Roosevelt
The Student Debt Crisis, Labor Market Credentialization, and Racial Inequality: How the Current Student Debt Debate Gets the Economics Wrong
As tuition has risen over the last several decades in the U.S., student loan debt has ballooned. Despite growing debt loads, federal policy encourages the use of loans for financing higher education, based on the assumption that student debt supports increased postsecondary attainment—and, in turn, improved outcomes for individuals and our economy as a whole.
With $1.5 trillion in outstanding student debt, more than 8 million borrowers in default, and millions more delinquent on their repayments, the student loan system today is holding Americans back from economic opportunity and stability. Faced with such troubling trends, Department of Education Secretary Betsy DeVos should be focused on relieving these burdens for borrowers.
FOR IMMEDIATE RELEASE: JUNE 26 2018 CONTACT: Alexander Tucciarone, email@example.com, 516-263-9775 NEW REPORT: CORRUPTION FUELS THE STUDENT LOAN DEBT CRISIS Roosevelt Institute Higher Education Expert Identifies Outsized Power of Special Interests in America’s Staggering $1.5 Trillion Student Debt System NEW YORK, NY – In its latest issue brief, Who Pays? How Industry Insiders Rig
The student loan program today serves industry insiders over its core stakeholder: students. The government justifies bailing out these other participants—lenders, servicers, debt collectors, and even colleges—as being in the best interests of students, student loan borrowers, and taxpayers. These claims, however, do not hold up. In Who Pays? How Industry Insiders Rig the Student
The Levy Institute recently released a research paper I co-wrote with Stephanie Kelton, Scott Fulwiler, and Catherine Ruetschlin that models the macroeconomic impact of cancelling all of the student debt that is currently outstanding in the United States—just over $1.4 trillion, held by between 40 and 50 million borrowers. The federal government would write off