Should student debt be erased?

Senator Elizabeth Warren has a plan to reduce the $1.5 trillion Americans owe in student loan debt. It’s a bold, expensive proposal from the 2020 presidential contender that could jump start the economy and close the racial wealth gap. Yet, the lion’s share of the benefit would go to wealthy Americans. Lou examines the fairness of Warren’s plan.

SOURCES & FURTHER READING
Warren Medium post on proposal
https://medium.com/@teamwarren/im-calling-for-something-truly-transformational-universal-free-public-college-and-cancellation-of-a246cd0f910f

Shapiro & Charron-Chénier’s analysis of proposal
https://elizabethwarren.com/wp-content/uploads/2019/04/Experts-Letter-to-Senator-Warren-.pdf

Urban Institute’s analysis of proposal
https://www.urban.org/urban-wire/who-would-benefit-elizabeth-warrens-student-loan-forgiveness-proposal

Brookings Institute’s analysis of proposal
https://www.brookings.edu/blog/up-front/2019/04/24/how-progressive-is-senator-elizabeth-warrens-loan-forgiveness-proposal/

McCluskey’s criticism of Warren’s plan
https://www.cato.org/publications/commentary/top-5-problems-warrens-higher-ed-proposal

Ruetschlin’s paper on macroeconomic effects of student debt cancellation
http://www.levyinstitute.org/pubs/rpr_2_6.pdf

Akers opinion piece on Warren’s plan
https://www.nydailynews.com/opinion/ny-oped-akers-20190429-xkiockn6brc7pbm4w7a3bs57sa-story.html

CREDITS
Writer: Louis Foglia
Editor: Page Ellerson
Researcher: Dushyant Naresh
Supervising Producer: Allison Brown

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