Millions of student loan borrowers breathed a sigh of relief after the White House revealed a plan to wipe clean a huge swath of debt. But how meaningful is this policy, what are the broader implications to the economy, and will it help future borrowers? Harvard Economist Susan Dynarski and the Brookings Institution Senior Fellow Andre Perry break down the plan and use their own experiences to humanize the root problems this relief begins to address. Plus, Andre argues why you will benefit from this policy even if you didn’t personally.

Keep up with Andy on Twitter @ASlavitt.

Follow Susan Dynarski and Andre Perry on Twitter @dynarski and @andreperryedu.

Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium. 

Support the show by checking out our sponsors!

• Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: https://lemonadamedia.com/sponsors/ 

Check out these resources from today’s episode: 

• Sign up for updates on the student loan forgiveness application here: https://www.ed.gov/subscriptions
• Read why Susan changed her mind about student debt forgiveness: loan-debt-relief-biden.html">https://www.nytimes.com/2022/08/30/opinion/student-loan-debt-relief-biden.html
• Read why Andre believes debt forgiveness is a start to solving the root problem for borrowers: https://www.brookings.edu/blog/the-avenue/2022/08/25/bidens-student-debt-cancellation-doesnt-solve-the-root-problems-facing-borrowers-but-its-a-start/
• Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/
• Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165 

Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia. 

For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble.

See omnystudio.com/listener for privacy information.