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What if we canceled student loan debt?

What if we canceled student loan debt?
Written by Publishing Team

President Joe Biden has once again extended the pandemic moratorium on federal student loan payments — this time until May 1. While campaigning for president, Biden pledged to cancel at least $10,000 of student debt per person.

This has not happened yet. But the pause in student loan payments has reignited the debate over what to do about student loans. Student loan borrowers in the United States owe $1.7 trillion in federal and private loans. Some advocates and lawmakers are calling for Biden to forego $50,000 per person, and others are calling for student loans to be forgiven entirely.

MPR News host Angela Davis talks with researchers about the debate over student loan debt and whether debt cancellation is the best way to tackle the student debt crisis.

guests:

  • Jalil Mustafa Bishop He is an assistant professor at Villanova University in Villanova, Pennsylvania. It looks at how student loan debt affects black borrowers.

  • Jason Delisle He is a senior fellow for policy at the Urban Institute in Washington, DC. He studies higher education financing and student debt.

Use the audio player above to listen to the full conversation.

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