
What would happen if all student loans were forgiven?
A thought experiment.
Jul 20, 2017 · 10 min read
The total US student debt is estimated to be $1.4 trillion (Trillion. With a T or 1,000 billion). Of that amount a relatively small percentage (about $7 Billion, with a B) are private loans. Private loans are student loans made to students (or their parents) by banks. Compared to Federal Student Loans, they have higher interest rates…

