What if all of this debt was canceled? This is what that would look like.
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Student loan debt has increased exponentially in the past few decades. So now, some Democratic presidential candidates propose canceling those debts — all $1.6 trillion of it. But is this a good idea? Who exactly does it benefit?
For more on student loan debt, read this Vox explainer on Elizabeth Warren’s plan: https://www.vox.com/2019/4/22/18509196/elizabeth-warren-debt-free-college
And this explainer on Bernie Sanders’s plan: https://www.vox.com/policy-and-politics/2019/6/23/18714615/bernie-sanders-free-college-for-all-2020-student-loan-debt
This piece explains why wonks don’t like Sanders’s plan: https://www.vox.com/policy-and-politics/2019/6/26/18760296/bernie-sanders-college-for-all-cancel-student-debt-warren
And to get a wider perspective on the whole debate, Matt Yglesias breaks it down: https://www.vox.com/2019/6/24/18677785/democrats-free-college-sanders-warren-biden
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