What would happen if the U.S. canceled $1 trillion of student debt

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What would happen if the U.S. canceled $1 trillion of student debt
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The U.S. has roughly $1.57 trillion in student debt — the U.S. government holds more than 90 percent of it. Some Democrats want to make that, or at least a large portion of it, disappear. The idea of canceling student debt has been gaining steam with 2020 candidates vying for the votes of young college-educated Americans. But what would it actually take to erase a big chunk of government-held student debt, and is it really a good idea?

$1.57 trillion in student debt

— the U.S. government holds more than 90 percent of it. Some Democrats want to make that, or at least a large portion of it, disappear. The idea of canceling student debt has been gaining steam with 2020 candidates vying for the votes of young college-educated Americans. On April 23, Sen. Elizabeth Warren, D-Mass. was the first 2020 presidential candidate toBut what would it actually take to eliminate a big chunk of government-held student debt, and is it really a good idea?See more:

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