What makes that a hard question is that there is not one student debt problem; there are dozens. Some advocates of student loan forgiveness argue that the overall economy would also get a boost by enabling debtors to become bigger consumers. About 80 percent of all outstanding student loan debt, or about $1.38 trillion, was borrowed directly from the government, says Ben Kaufman, research director at Student Borrower Protection Center, an advocacy group. What About the Impact on HomeownershipIt’s frequently been argued that the mountain of student debt has hurt the housing market. “There are so many problems with the student loan repayment system; they should fix it,” she said.

Source: Los Angeles Times June 17, 2022 09:36 UTC