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Distressed student loan borrowers are an electoral Bonanza like no other.

A lot has happened on the student loan issue since 2016. The presidential candidates had better take heed. We now know, for example, that at least 75% of all federal loan borrowers are either in default, forbearance, delinquent, unable to make payments on their loans, or they are paying but their balance is going up, not down. We also now know that 40% of 2004 students- who were only borrowing one-third of what is being borrowed today- will, or already have defaulted on their loans. …

Alan Collinge