On their case:

On c1 econ growth
1. [DL] Loan debt returns to current level in 5 years; the aff doesn’t solve the
housing crisis.
[CRFB] (Committee for a Responsible Federal Budget, 8-25-2022, [Nonpartisan nonprofit org], “Everything You Need to Know About
Student Debt Cancellation,” CRFB, Other Spending. https://www.crfb.org/blogs/everything-you-need-know-about-student-debt-cancellation
However, that is assuming the economy is operating below potential. Right now, the economy is operating above potential, with demand far
outstripping supply and increasing inflation. Any additional dollar in stimulus will have less effect because much of it will feed through to
How long would it
inflation. That means cancelling student debt would have an even lower stimulative effect than our initial estimates.
take for the total amount of student debt to return to its current level after cancellation? The
Committee for a Responsible Federal Budget estimates that the total amount ofoutstanding federal loan debt will
return to its current level in 2028 if all eligible borrowers' loans are cancelled.

2. [T] - Loans forgiven allows people to buy high-end items ultimately causing inflation
Bareham, Hanneh. Nov 22 “Student Loan Forgiveness Is Unlikely to Impact Inflation
Rates.” Bankrate, www.bankrate.com/loans/student-loans/student-loan-forgiveness-unlikely-to-impact-inflation/#not-
enough.
He breaks down the economic details per borrower, explaining that $10,000
in forgiveness is equivalent to
about $100 a month per borrower. The primary concern is that borrowers will use this
newfound money to buy high-ticket items, like cars or homes, which could then contribut[ing]e to
rising inflation.

3. [T] Causes inflation, which leads to increasing home values. They worsen
the problem that they’re trying to solve back for.
Jarah Papin, 3-17-2023, "Should You Buy A House During Inflation?," Northern Credit Union, https://www.mynorthern.com/should-
you-buy-a-house-during-inflation/
Impact On House Prices. Inflation can lead[s] to higher housing costs because, as more
people look for homes, demand increases, and therefore, so do home values. At the same
time, existing homeowners also see a rise in the value of their property. Not only that, but
inflation can also increase the price of rent. Because of all these factors, homeowners see the
appreciation of their homes over time.
On increased spending
1. [A-DL] - More spending is bad because it leads to inflation.
2. [DL] - Consumer spending creates inflation. Csiszar 21 explains consumer spending
creates higher inflation. Consumer price gain of 5.0% represented the largest spike in
inflation.

On c2 equity and education access

1. T - Affirming only helps the rich. Cortellessa 22 finds it’s a bailout for the rich.
The average American with student loans has a higher income than the median
American, so the overwhelming benefit flows to higher-earning Americans.
2. T - Canceling student loan debt worsens the wealth gap even more. CFR 23
finds cancellation of student loan debt would disproportionately benefit high-
earning Americans who have large debts.
On racial or gender discrimination specifically
1. NU — Status quo approach solves. Looney-22: Immediate debt forgiveness doesn’t
accomplish any goals. A targeted, gradual approach to debt forgiveness could. Biden
proposed targeting aid based on data would be cost-effective and more progressive than
across-the-board relief.
2. DL — They barely solve the problem. Atlantic-22: Cancellation doesn’t change
anything about discrimination within institutions. The boost would be marginal given that
the majority of nonwhite borrowers owe less than $40,000. The Black population
wouldn’t be served by loan forgiveness.
3. DL - Doesn’t even help black people. Wright 23 finds with the plan, 60% of debt relief
goes to white borrowers while only 25% goes to Black borrowers,
4. DL — Pell grants solve. Looney-21: federal loans have no eligibility limits. Pell Grants
are awarded only to low-income students who are poor and the majority are non-white.
5. T — They help white people more. Looney-21: Beneficiaries of forgiveness would be
higher income, better educated, and white. Among those making payments on loans, 4
percent are in poverty.


 Their impact: 21,000 people each day, or one person every four seconds. [This is
due to healthcare inequality, gender inequality, and climate change which is
significantly exacerbated by the top 1%. They dont solve back for like most of these
anyways like cc?
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