Millions of Americans have had to take out student loans to access education beyond high school, and there is currently $1.75 trillion in outstanding student loan debt.
 
Mark Kantrowitz, author of five bestselling books including How to Appeal for More College Financial Aid and student financial aid expert, and Inez Stepman, senior policy analyst at Independent Women’s Forum (IWF), both say that student loans may not be the real problem. In the video above, hear what they say could help end the excess burden of student loans.
 
Is President Biden’s new loan forgiveness plan raising living standards or adding fuel to inflation? Helping lower-income Americans or supporting the rich? The experts debate on Friday’s episode of Dr. Phil, “Student Loan Forgiveness: Worth It or Raw Deal?” Check local listings to see where you can watch.

WATCH: Experts Weigh In On Who Will Pay For Student Loan Forgiveness Program

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