Forgive all outstanding student loans? Sure, why not. What this means is that all other taxpayers, that’s you and me, will pick up the cost and pay more taxes. And the price is really not all that much, is it? There are over forty-three million U.S. borrowers who owe nearly $1.6 trillion altogether in federal student loans. That’s $1,700,000,000,000.
The average amount of debt by students who…