Student Loans: History & Forgiveness

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Currently, there is $1.75 trillion in total student loan debt, including federal and private loans. 55% of students from public four-year institutions, and 57% of students from private nonprofit four-year institutions took on educational debt. At the current pace, “outstanding student loan debt could top $3 trillion by 2035,” according to one expert. It's not just young graduates - many people carry their educational debt well into middle-age, and even retirement: 2.4 millio...