What Time Would It Take For Student Debt To Be Cancelled?July 21, 2022 ⚊ 1 Min read ⚊ Views 89 ⚊ BUSINESS
Borrowers of federal student loans owe the government $1.6 trillion in student debt. To lessen their debt load, current debtors could have some or all of their agreements cancelled. If there were no underlying reforms to cut the overall cost of education or the quantity borrowed, this debt reduction would, however, only last for a short time. If congressional measures do not address it, according to the United Aid Group, federal student loan debt will soon revert to its present $1.6 trillion level.