A COMMENT ON THE US STUDENT LOAN SITUATION FROM A POST-KEYNESIAN PERSPECTIVE

This paper aims to contribute the debate on US student debt situation. First, it highlights determination of labor earnings and economic activity as a function macroeconomic conditions relevance considering this endogeneity analyzing sustainability. Next, I present background loans market in US. Moreover, using Minskyian framework, argue that current situation can have adverse results activity, although not leading financial instability. Last, comment cancellation debate, proposing alternative policies with more progressive lasting effects.