Houston Matters

Democratic Candidates Want To Forgive Student Debt, But How Would That Work?

Economist Steven Craig examines the viability of such proposals beyond their face-value appeal to younger voters.

A Student Behind a Stack of Books

Democratic presidential candidates Bernie Sanders and Elizabeth Warren have both proposed plans related to eliminating or mitigating student debt, as well as making college more affordable by making it tuition-free.

Such proposals, of course, appeal to younger Americans who are either currently paying off student debt after college or who are about to dive head first into the world of student loans.

But, looking beyond face value, what’s the viability of such plans? After all, some 45 million Americans have student loans together totaling around $1.6 trillion. And, is it fair to those who’ve already paid off their debts?

In the audio above, University of Houston economist Steven Craig talks it all over with Houston Matters host Craig Cohen.

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