Student Loan ForgivenessSenator Bernie Sanders (I-VT), a 2020 presidential candidate, wants to forgive all $1.6 trillion of outstanding student loans, including both federal and private student loan debt. Sanders’ student loan forgiveness plan has no eligibility requirements; all 45 million student loan borrowers are eligible for student loan discharge. Similarly, Senator Elizabeth Warren (D-MA), also a 2020 presidential candidate, introduced legislation earlier this year to 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. More student loan debt: Future student loan borrowers may borrow more student loan debt, but their student loan debt may not be forgiven, leaving them with potentially higher leverage. Future student loan borrowers may borrow more student loan debt, but their student loan debt may not be forgiven, leaving them with potentially higher leverage.

Source: Forbes December 03, 2019 13:30 UTC