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Student Loan Forgiveness

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The current generation of students is leaving school more highly leveraged than any previous one. While education remains a good investment for the average student borrower, some students will never be able to repay their student loans in full. This paper considers the possibility of changing policies and laws in order to make it easier for some highly leveraged students to have some of their student loans forgiven. Three programs or policies – (1) the Income Based Replacement (IBR) loan pr...