Student Loan Debt ForgivenessA. Wayne Johnson was a senior Education Department official who was hired to help manage the Office of Federal Student Aid, which oversees about $1.5 trillion of federal student loan debt. Elizabeth Warren: Cancel 95% Of Student Loan DebtJohnson’s plan would cancel more student loan debt than Warren’s. Warren’s plan 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. According to the latest student loan debt statistics, there are more than 44 million borrowers who owe $1.6 trillion in student loan debt. Your Next Action StepsStart by understanding your best options for student loan refinancing, student loan consolidation, income-driven repayment plans and student loan forgiveness.

Source: Forbes November 19, 2019 13:30 UTC