Canceling student debt: The costs and benefits of a 2020 plan

7:27 AM ET Sun, 28 April 2019

The U.S. has roughly $1.57 trillion in student debt. Some Democrats want to make that, or at least a large portion of it, disappear. The idea of canceling student debt has been gaining steam with 2020 candidates vying for the votes of young college-educated Americans. But what would it actually take to erase a big chunk of government-held student debt, and is it really a good idea? Watch the video to hear what experts and students think about plans to forgive student debt.