So WTF is going on with student loans?

Biden’s been sending some signals that he’s willing to cancel some debt — but it’s unclear how much.

Student loan debt pay off or forgiveness program, cut education expense or reduce fee concept, young...
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Just about everyone agrees student loans are a huge problem in the U.S.
Photo by Paul Morigi/Getty Images for We The 45 Million

$1.6 trillion

The total amount of student loan debt in the U.S. About 40 million Americans have student loan debt, most of which is owed to the federal government.

Education Data Initiative