Student Loan Forgiveness: Debt StatisticsThe U.S. Department of Education released the latest statistics for public service loan forgiveness:As of December 31, 2018, 53,749 student loan borrowers submitted 65,500 applications for public service loan forgiveness. How many student loan borrowers were approved for student loan forgiveness? Student Loans: 2020 Presidential CandidatesSome of the 2020 presidential candidates have weighed in on the future of student loan forgiveness, how to manage growing student loan debt, and how to pay off student loans faster. Senator Warren (D-MA) proposed a student loan forgiveness plan that would cancel student loan debt for more than 95% of borrowers, and would entirely cancel student loan debt for more than 75% of Americans with student loan debt. In its place, Trump proposed a single income-driven student loan repayment plan, which would provide student loan forgiveness after 15 years for undergraduate student loans and 25 years for graduate student loans.

Source: Forbes May 01, 2019 12:22 UTC