What Canceling Student Debt Will and Won’t Do
With a two-year student loan moratorium expiring on August 31, President Biden is expected to announce a decision on student debt cancellation in the coming days.
What shouldn’t factor into that decision: inflation fears.
"From energy to trade policy, there are many difficult administrative policy questions that could impact inflation over the next year,” Roosevelt’s Mike Konczal and Alí Bustamante write. “Student debt cancellation is not likely to be one of them."
“Our work has shown that student debt cancellation will increase the wealth of millions of Americans who need it the most and promote racial equity—all without increasing inflation.”
Read on for three reasons inflation isn’t a factor.
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