Birdwatch Archive

Birdwatch Note Rating

2023-08-20 22:48:23 UTC - HELPFUL

Rated by Participant: 7B861ED4B72563F45AEB2D337152A81180E0F2AEBA2387964E23475E7DF7B130
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Original Note:

There is no such thing as canceling student debt, the loans must still be paid off. The loans still have to be paid off and all proposals would simply transfer the debt to the taxpayers, the amount of which is approx. $1.7 Trillion (20 times the Dept. of Education's budget). https://thehill.com/opinion/education/3545917-canceling-student-debt-for-everyone-is-bad-policy-and-bad-economics/

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