Actually, Canceling Student Debt Will Cut Inflation

Posted on AllSides August 25th, 2022
From The Left
Education, Student Loan Forgiveness, Inflation
Nina Berman / Redux

We want to fight inflation and we want to keep the labor market strong. One of the most important ways to achieve both goals is to forgive a portion of student-loan debt. And yesterday, President Joe Biden announced that he was doing just that—canceling up to $10,000 in student debt for those making less than $125,000 and designating an additional $10,000 in loan forgiveness for Pell Grant recipients. Yet critics are attacking the measure, even at its modest level and with its targeted exclusions and benefits, as inflationary and unfair.

Whatever your...

Read full story
Some content from this outlet may be limited or behind a paywall.

The Atlantic

AllSides Media Bias Rating: Left
AllSides Media Bias Rating: Left
See full bias rating for The Atlantic
Learn about media bias

More News about Education from the Left, Center and Right

From the Left

From the Center

From the Right