Tag Archives: student debt

Who Needs Debt Forgiveness?

Ah, student debt. 43.3 million Americans have it. And Hillary Clinton feels our pain.

As part of her latest platform proposal, the Initiative on Technology & Innovation, Clinton is proposing that a small subset of the currently-afflicted be eligible for some forgiveness, to the tune of $17,500. Sounds like a step in the right direction, at first blush.

Unfortunately, this newly-eligible will subset will consist solely of the young “innovators who start social enterprises or new businesses in distressed communities.”

There’s much to laud in Clinton’s new proposal, including access to debt-free college and employee profit-sharing. But, debt relief for entrepreneurs seems tone deaf at best, trending toward a neoliberal approach to systemic class inequality: liberate the job creators, for they will save us all. Continue reading Who Needs Debt Forgiveness?