If the Biden admin wiped out just 50k in federal student loan debt per person, it would completely eliminate the federal debt for 36 million Americans.
Freeing up millions in capital for those people to start buying homes and cars, starting businesses, and putting cash back into the economy.
That’s a good start, but let’s go even further. Cap college tuition rates to a certain percentage increase allowable each cycle, pass legislation to increase competition among colleges to drive down prices, go after predatory textbook sellers, and provide tax credits for student loan borrowers who have fully paid off their loans in the last few years.
Really just shake up the whole system.