Cancel All Student Debt, and Everyone Will Reap the Benefits

Morning Consult | June 04, 2019

Billionaire Robert F. Smith made headlines last month when he surprised graduates of Morehouse College with the news he would pay off their student loans, saving them millions in life-altering debt. Smith was rightly applauded for his act of generosity.

But for the 45 million other Americans suffering from crushing student debt, relying on a rich savior is not an available solution to their financial troubles. For them, we need an answer that goes much further and addresses this crisis in a systematic way.