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Op-Ed

Cost of student loan forgiveness too big

William Chittenden

August 20, 2021 1:30 am

At the end of June, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately $1.59 trillion in outstanding federal student loans. The average balance is $39,351 per borrower, with an average monthly payment of $393 per month. The standard repayment period for $39,351 in student loans is 20…

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