What it would take for the government to cancel federal student loans

What it would take for the government to cancel federal student loans

The White House is exploring ways to forgive federal student loan debt.

Bloomberg Creative | Bloomberg Creative Photos | Getty Images

Under pressure from Democrats, advocates and borrowers, the White House is looking at actions it might be able to take to forgive federal student debt.The country’s outstanding federal student loan balance exceeds $1.7 trillion, eclipsing credit card and auto debt. Average debt for a bachelor’s degree recipient has tripled over the last three decades, to $30,000 today from less than $10,000 in the early ’90s. A quarter or more of borrowers are estimated to be in delinquency or default.There’s no […]

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