Understanding Student Loan Debt

What is the total amount of student loan debt owed by Americans as of April 2024?

How many people in the United States are still trying to pay back their student loans?

What percentage of people were late or didn't pay their student loans at all in 2020?

What is one of the proposed amounts for student loan forgiveness that some people support?

How much could forgiving student loan debt cost over ten years, according to experts?

Which type of debt is difficult to discharge through bankruptcy compared to others like credit card debt?

• Medical debt

• Gambling debt

• Student loan debt

• Mortgage debt

What did the government do in 2020 in response to the COVID-19 pandemic regarding student loans?

• Increased interest rates

• Stopped payments and interest

• Forgave all student loans

• Reduced loan amounts

What was President Biden's plan for student loan forgiveness in 2022?

• Forgive up to $5,000 for everyone

• Forgive up to $10,000 for everyone

• Forgive all student loan debt

Which group of students would benefit significantly from student loan forgiveness due to having more debt on average?

• White students

• Asian students

• Black students

• Hispanic students

What is one argument against forgiving student loan debt?

• It would help the economy

• It would close the racial wealth gap

• It would mostly help wealthy people

• It would help people achieve their dreams