This Is Exactly What Happens If $1.6 Trillion Of Figuratively Speaking Are Forgiven

This Is Exactly What Happens If $1.6 Trillion Of Figuratively Speaking Are Forgiven

Sen. Bernie Sanders (I-VT) (picture by J Pat Carter/Getty graphics)

Imagine this scenario: All $1.6 trillion of the education loan financial obligation is forgiven. Now, what goes on next?

Here’s what you should understand.

Student Loan Forgiveness

Sen. Bernie Sanders (I-VT) and Sen. Elizabeth Warren (D-MA), that are both 2020 candidates that are presidential have actually various education loan forgiveness plans. Sanders desires to forgive all $1.6 trillion of outstanding student education loans, including both federal and personal education loan financial obligation. Sanders’ student loan forgiveness plan doesn’t have eligibility demands; all 45 million student loan borrowers qualify for education loan discharge. Continue reading