The Three Things Preventing Student Loan Forgiveness for All

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

Student loan forgiveness for all is becoming very popular. Support extends beyond the borrowers who would directly benefit. Many consumer advocates and economists also support debt cancellation. Consumer advocates point to the inequalities of student debt. Economists think student loans are a drag on the economy. Despite the increasing popularity of …

Plan for $50,000 of Federal Student Loan Forgiveness or Cancellation

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

The calls for $50,000 worth of federal student loan forgiveness or cancellation continue to grow louder… borrowers should plan accordingly. Democrats have put forward resolutions in both the House and the Senate calling on President Biden to cancel up to $50,000 of federal student loans per borrower. Earlier this year, …