Quick Remark: Debt Jubilee - Joe Costello's

The Huffington Post has picked up the idea of forgiving student loan debt. In Joe Costello's editorial blog, "The Case for Wiping out American Debt, " he calls for a debt Jubilee, which would entail massive debt forgiveness. Costello's argument goes beyond student loan debt, but he regards this burden of debt as critical to the economic health of the U.S.

Quick Notes - City of Albany Proposing Student Loan Forgiveness

The City of Albany is proposing student loan forgiveness. Albany Councilman and Chair of the Finance Committee, Jim Sano, learned about the student loan debt movement(s) from his daughter. Mr. Sano states, "I was forwarded an article by my daughter Kathryn in regard to using student loan forgiveness as an economic stimulus tool. I have since used my position as an elected official to introduce a resolution to advocate using student loan forgiveness as an economic stimulus tool."

Education Matters will continue to monitor the developments of this legislation.