“The federal response to the #coronavirus must include immediate relief for people already crushed by $1.7 trillion in #studentloan debt,” write ’s and .
Student debt cancellation would boost GDP by up to $108 billion a year and would add up to 1.5 million jobs per year.
The new reality is that families will need all of their income and savings to weather the financial harm that is to come; they cannot afford to send money to the government for their student loans when it could be used for food and other necessities.
If the federal reserve can pump over $1 trillion into the economy in response to this pandemic, the real question is why can’t the government erase the trillion-dollar, generational student debt crisis immediately?
Now Is the Time to Cancel Student Debt