Student Loan Debt

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Student Loan Debt
Student loan debt has reached crisis proportions in several nations, with the total amount owed now nearing billions of dollars in the US. The question of whether or not to cancel or reduce student debt has been a contentious one for a long time. Both proponents and detractors of reducing or eliminating student loan debt have reasonable points to make, I feel that it is important and justifiable to reduce or eliminate student loan debt. In spite of the fact that there may be worries about the expense of running such a program, the advantages exceed the disadvantages in the long term.
Many individuals just getting their careers off the ground are forced to contend with the burden of hefty student loan debt. They may only be able to save money for things like a home, a business, or retirement once they have paid off this debt, which may take years or even decades (Fink). This might be the beginning of an uncontrollable cycle of debt that is difficult to break. Second, easing the student loan...