The campaign to waive student loan debt continues to be a critical debate in the United States. Supporters of this policy argue that loan forgiveness will make people’s lives better and provide more opportunities, while opponents have said the policy is tantamount to fool’s gold.
For one thing, it’s not fair to people who attended college and paid off their student loans. Secondly, waiving loans would carry significant implications for colleges, the value of the US dollar, and inflation.
Sen. Elizabeth Warren (D-MA) doesn’t think so, though. In fact, Warren is on record denying that any link exists between student loan forgiveness and negative impacts on inflation.
The Latest From Warren on Student Loan Debt and Inflation
This past Thursday, the Democratic congresswoman spoke with CNN, again endorsing the need for people who willingly took out loans to have them “forgiven” by the federal government.
Warren also claimed student loan debt should be waived across America and include $50,000 per borrower.