Essay Examples on Southwest Tennessee Community College

Forgiving Student Loans Student Debt

Forgiving Student Loans Student debt is one of the most high rising crises in America essentially the amount of money American students owe to debt ranges to about 1 48 trillion Statistics have shown that Americans now owe more money in student debt than in credit cards One of the most asked questions upon Americans is should student debt be forgiven There are many benefits that can come with forgiving student debt that can not only affect the students but it could also improve the economy by spurring economic growth These loans play a large effect on our economy by preventing people from participating and investing into it If these loans were forgiven it would have an extremely quick effect on the economy by causing rates to increase In the article Would Loan Forgiveness Stimulate the Economy the author states He argues that this would have a multiplying effect that tax revenues would go up the credit markets will unfreeze and jobs will be created and that the fastest way to revive our ailing economy is to do something drastic to get consumers to spend Robert Applebaum and Student Nation claim in their article Forgive Student Loan Debt Five Years On Because of this debt more than 40 million Americans are not buying houses or cars starting businesses or families or otherwise to contributing to rebuilding the economy 



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