Financial lending mechanism designed to help students pay for school-related fees, such as tuition, school supplies, books and living expenses.
Student Debt Forgiveness
Proponents of student debt forgiveness believe that the amount of outstanding student loan debt is a national crisis, and as such, they believe it is necessary to save a generation from financial ruin. They also argue that student loan debt has disproportionately hurt people of color and has prevented younger Americans from starting families, buying homes, and saving for retirement.
Student Debt Repayment
Proponents of student debt repayment believe various forgiveness proposals are large-scale wealth transfers funded by federal taxpayers rather than borrowers. They also question the fairness of student loan forgiveness when other borrowers cannot seek similar forgiveness of debts.
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