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This episode of CBSN Originals' Speaking Frankly series examines the rising costs of a college education and the growing demands to cancel student debt. As of 2020, about 42.9 million Americans owed over $1.5 trillion in outstanding student loans to the US Department of Education — a crisis that touches families across the nation. Lawmakers including Sen. Bernie Sanders, Sen. Elizabeth Warren and Rep. Ayanna Pressley are pushing the Biden Administration to wipe out current student debt to help those struggling to make ends meet. But critics argue there's a moral hazard to forgiveness and taxpayers will pay the price. Watch the CBSN Originals half-hour documentary The Student Debt Dilemma on CBSN, Paramount +, or by downloading the CBS News App. | |
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