Free Republic

Getting tens of thousands of dollars in student debt canceled isn’t guaranteeing an immediately better financial life for Americans. So far, about 943,000 people have had their loans eliminated through the federal government’s Public Service Loan Forgiveness plan, with balances averaging $72,000 when they are cleared. Nearly two million more had their student debt erased through programs for disabled borrowers or under income-driven repayment plans. An additional 1.3 million borrowers with $20 billion in loans have been approved for discharge through a program aimed at students who were misled by their colleges about things like job prospects. Many more are...