PRESS RELEASE: Dr. Stephanie Kelton Says Cancelling The Student Loan Debt Crisis Would Benefit The Economy

PRESS RELEASE: Dr. Stephanie Kelton Says Cancelling The Student Loan Debt Crisis Would Benefit The Economy

Founding Fellow of The Sanders Institute, leading economist and Professor at StonyBrook University Dr. Stephanie Kelton sat down with Sanders Institute co-founder and Fellow Dr. Jane O’Meara Sanders to discuss the macroeconomic effects of cancelling student loan debt.

 More than 44 million Americans are caught in a student debt trap. Collectively, they owe nearly $1.4 trillion on outstanding student loan debt. Research shows that this level of debt hurts the US economy in a variety of ways, holding back everything from small business formation to new home buying, and even marriage and reproduction. It is a problem that policymakers have attempted to mitigate with programs that offer refinancing or partial debt cancellation. But what if something far more ambitious were tried? What if the population were freed from making any future payments on the current stock of outstanding student loan debt? Could it be done, and if so, how? What would it mean for the US economy?

This report seeks to answer those very questions and several important implications emerge from this analysis. 

You can view the videos and read the corresponding statements below:

The Sanders Institute Talks: Student Loan Debt

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