The federal government is expected to forgive at least $108 billion in student debt in the coming years. Our recent financial tracker found that 34% of 21-34-year-olds are paying student loans monthly, and this debt has financially stunted many as they entered adulthood. After a steep rise of borrowers defaulting on their loans, an income-driven repayment plan was passed by Congress in the 1990s and 2000s, and enrollment has tripled over the past three years. The full amount of student debt forgiven will likely grow as more participate. (The Wall Street Journal)
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