Should We Forgive Student Debt?
Open to Debate
Open to Debate
4.6 • 2.2K Ratings
🗓️ 29 July 2022
⏱️ 52 minutes
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| 0:30.9 | Paying for college, it's a hurdle, especially if you have to borrow. 45 million Americans |
| 0:38.1 | owe an average of $37,000 each in student loans. That's enough to pay a year's salary for |
| 0:43.8 | roughly 27 million teachers. So it's no wonder that many former students struggle to |
| 0:49.5 | make their monthly loan payments. And one reason that some politicians are now pressing |
| 0:53.6 | to have those loans forgiven. They say doing that would stimulate the economy and would |
| 0:58.5 | free up those graduates to pursue their own goals in life. Others say it's a terrible idea |
| 1:03.5 | that cancelling student debt would burden all taxpayers with the costs of college, whether |
| 1:08.1 | they went to college or not, that it would do nothing to address the soaring costs of |
| 1:11.9 | higher education and would benefit wealthy borrowers who don't need their student loans |
| 1:16.9 | canceled. So here's the debate. Should America forgive student debt? |
| 1:23.2 | Meaning for the yes answer to that question is Ashley Harrington, a federal advocacy |
| 1:27.7 | director and senior counsel at the Center for Responsible Lending. Her partner in the |
| 1:32.0 | debate, Dalie Jimenez, a professor at the University of California Irvine School of Law |
| 1:37.0 | and Director of the Student Loan Law Initiative. Opposing them, arguing that student debt should |
| 1:42.3 | not be forgiven unmasked, Beth Acres, a resident scholar at the American Enterprise Institute |
| 1:47.5 | and former economist with the Council of Economic Advisors under President George W. Bush. |
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