The notion that forgiving student loan debt would automatically stimulate economic growth is wrong, believes Abigail Hall Blanco of Inside Sources. Simply giving consumers more money to spend would do little for the economy. Additionally, a student loan forgiveness program would only help those who have already gone to college, not those still planning to do so. In fact, they might see their college tuition rise as a larger demand results in prices going up. Colleges would no longer work to keep costs down as they would be reimbursed by the state. Similarly, all students would happily apply to expensive colleges while taxpayers foot the bill.