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THE MACROECONOMIC EFFECTS OF STUDENT DEBT …

Of Bard CollegeLevy EconomicsInstituteTHEMACROECONOMIC EFFECTS OF STUDENT debt CANCELLATIONS cott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall SteinbaumFebruary 20182 STUDENT debt Cancellation Report 2018 Levy Economics Institute of Bard College 3 THE MACROECONOMIC EFFECTS OF STUDENT debt CANCELLATIONS cott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum4 STUDENT debt Cancellation Report 2018 Table of ContentsEXECUTIVE SUMMARY 6 INTRODUCTION 7 SECTION 1: THE ECONOMIC OPPORTUNITY OF STUDENT debt CANCELLATION 9 Social Investment in Higher Education 9 The current state of STUDENT debt 10 The social costs of STUDENT debt 12 The Distributional Consequences of STUDENT debt , STUDENT debt Cancellation, and debt -Free College 13 The distribution of STUDENT debt and debt burden in the cross section 14 The evolution of the distribution of STUDENT debt bur

The real distributional impact of student debt cancellation and free or debt-free college 17 SECTION 2: THE MECHANICS OF STUDENT DEBT CANCELLATION 18 The Mechanics of Student Debt Cancellation Carried Out by the Government 18 Current servicing of student loans from a balance sheet perspective 18

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  Macroeconomics, Students, Servicing, Effect, Debt, The macroeconomic effects of student debt

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