Despite historic student debt relief during the Biden administration, nearly 43 million Americans still carry student loan debt, and many struggle to repay their loans. In fact, more than 5 million borrowers are in default on their federal student loans, and the number of borrowers in default is expected to increase to as many as 10 million in the next few months. But recent changes in federal policy threaten to make loan repayment even more challenging.
As borrowers face new barriers to student debt relief, what role can state debt relief programs play in promoting financial stability for graduates and ensuring states can retain highly educated workforces?
As the Feds Step Out, How Much Can States Step In?
Congress…