Over 40 million Americans have student loan debt owing an average of $36,520 alone, for federal loans. Connecticut Education Commissioner Miguel Cardona, and President Joe Biden's nominee to lead the Department of Education, says student debt relief would be a priority.
This hour, we talk about what cancelling student debt means for borrowers and lenders alike. Students of color and first generation college students are more likely to get saddled with heavy student loan debt. Are you one of millions of Americans that has student loan debt? We want to hear from you.
- Michelle Singletary - personal finance columnist for Washington Post. She has a book coming out in May entitled What to Do with Your Money When Crisis Hits: A Survival Guide
- Beth Akers - resident fellow at the American Enterprise Institute