Department of Education Must Navigate Student Loan Forgiveness Carefully
Statistics released by the DOE on Thursday show that 3.9 million borrowers have enrolled in income-based repayment programs, with $200 billion of the total $1.2 trillion of outstanding student debt in some kind of payment modification program. The number of enrollees is 56 percent higher than in the year prior. The DOE also estimates that outstanding federal student debt will double to nearly $2.5 trillion by 2025.