‘This Could Be Huge’—Economists Weigh in on Biden’s Proposal to Forgive $10,000 in Student Debt in Exchange for Public Service

Democratic presidential nominee Joe Biden released a program proposal that would wipe out a significant amount of student debt for each year of national or community service, up to five years. In this CNBC story, CCRC Senior Research Scholar Judith Scott-Clayton praised the idea as a "no-brainer" but cautioned that the program should avoid creating too many hoops for borrowers to jump through to receive relief.