What Would Happen If We ‘Forgive’ Student Loan Debt?
Acton Institute Powerblog

What Would Happen If We ‘Forgive’ Student Loan Debt?

Student debt has become a hot issue this election season, with both Democratic candidates — Clinton and Sanders — offering proposals for forgiving student loans.

But what would happen if the U.S. actually forgave student debt? Would the loans simply vanish? Would tuition prices decline?

Economist Don Boudreaux explains what really happens and why “debt forgiveness” merely transfers the debt to others.

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).