The secret truth of the student debt crisis

news from The Week - Business

The student debt crisis has gotten wide attention over the last several years. Democratic Sens. Elizabeth Warren and Chuck Schumer have called for canceling $50,000 in student debt for each borrower, while others have argued this would be unfair because college graduates generally make more money than the average. The truth is the question of whether student debt should be canceled is largely irrelevant. Most student debt will be canceled sooner or later, because an ever-growing share of...

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