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Use Executive Action For Rapid Debt Relief
- Use executive authority for rapid relief rather than waiting on slow legislation.
- Ashley Harrington points to Biden's authority and Trump-era precedent of pausing payments and interest as a path to cancellation.
Average Loans Often Manageable Compared To Lifetime Gains
- Average student borrowing is manageable for many: median balances and typical payments are lower than headline aggregates.
- Nick Gillespie notes a ~$28,800 average leading to roughly $275/month over ten years and large lifetime earnings gains from degrees.
Outstanding Debt Concentrated Among Higher Earners And Grad Students
- Debt distribution is skewed: a large share of outstanding balances sits with higher-income borrowers and graduate students.
- Beth Akers stresses that over half the debt is held by the top 40% income group and much of the total is graduate-school borrowing.