What is the authors' position or thesis statement on the topic of student loan forgiveness?
How student loan forgiveness would have a deep and far-reaching effect on almost every area of people's lives. The authors of the article claim that student loan forgiveness would have good effects on the behavior of debtors.
What is one reason the authors use to support this argument?
The author said that depending on the amount of debt forgiven, debtors' behavior would change, and instead of using that money to pay, they would save it for retirement or an emergency fund.
What evidence do they use to support this reason?
In the evidence, they present instances of how people would make financial or personal decisions, such as purchasing a home, having children, or getting
married, based on the amount of debt forgiven, using the findings of a survey experiment involving 1,009 student debt holders.
Did the authors discuss opposing positions? If they did, what opposing position(s) did they address?
The author does not discuss the negative results of forgiving student debt, but he does disclose and analyze those findings that did not have a significant influence depending on the debt forgiveness. For example, student loan holders only said they would save more for retirement if all of their student debt was forgiven, implying that many student debt holders would prioritize other activities over the long-term objective of saving for retirement.
