Wall Streeter: Forgiving Student Loans Lets People Get Away With Something

Stephanie Ruhle, who probably makes more in one year than most of us make in our lifetimes, has an itch that simply must be scratched.

"On the top line, forgiving student debt sounds like a good idea. But is student debt the solution or is it that college simply costs too much?" she asked.

Economist Allison Schrager responded that college costs too much, "but also, if you look at the data, the students who are struggling are the ones in default who have less than $10,000 in loans. So what...

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