The government should reduce the interest rate on federal student loans, and forgive any that's accrued.
Half of Americans support forgiving up to $20,000 in federal student loan debt, a figure that soars to 83% among those who have student loans.
Forgiving all student loan debt still maintains 39% support, a remarkably high figure for a fiscal policy that even a decade ago would have been an utter non-starter politically.
Americans owe just south of $1.6 trillion in student loan debt.
As a result, an equitable solution is this: retroactively adjust the interest rate on federal student loans to be at or near zero.
Persons:
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Organizations:
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Locations:
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