As the argument for student debt forgiveness has been fleshed out in recent years, so has the case that it’s not the right way to go. Some experts, economists, and ordinary Americans are skeptical of forgiving student debt. They argue that while debt is certainly a problem for the people who have it, forgiveness isn’t a really effective way to stimulate the economy or to tackle equity goals. Beth Akers, an economist at the American Enterprise Institute, lays out the case against broad-based student debt forgiveness in Tell Me More’s two-part series on student debt.

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