Americans owe more than $1.7 billion in student loan debt, a burden that prevents them from buying houses or even starting families.
Calls have mounted to cancel student debt. President Joe Biden has suggested he’s open to canceling up to $10,000 in student debt but balked at canceling larger amounts.
Advocates say canceling the debt will stimulate the economy and allow college graduates more economic freedom, especially during a pandemic that’s upended finances for many Americans.
This article was originally posted on What would student debt forgiveness mean to you?