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Debt is something that haunts us all Student loans are a type of debt that continues to affect about 37 percent of the American people Lanza These loans affect our population by not allowing people to live the normal lives that they should be living but are rather burdening themselves with debt If student loans are forgiven they will greatly boost Americas economy and increase social interactions such as marriage If the loans are not forgiven there are multiple ways for the loans to be paid off quicker and easier rather than straining ones self to pay back the debtForgiving student loans will greatly boost the United States economy College students are the type of people society needs to do things such as start businesses buy homes and cars invent things and make babies But if people are burdened with debt they are less likely to make those kinds of decisions Unburden them and the economy will receive the boost it needs to thrive Webley Robert Applebaum wrote in a petition With the stroke of the Presidents pen millions of Americans would suddenly have hundreds or in some cases thousands of extra dollars in their pockets each and every month with which to spend on ailing sectors of the economy Webley If Americans are given excess money they will either spend it or save Spending the money given will benefit the economy while saving will benefit the personStudent loans affect all people because it affects the economy The overall student debt is at 12 trillion and is still rising Denhart Households are putting off home and car purchases because they cannot afford to pay car payments and loans The government should take a stand as to how much can be forgiven and in what period of time can the loans Loans play such a significant role because they finance students college educations The loans give students who do not have money to pay upfront for
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