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A senior education loan official is resigning and today desires to cancel education loan financial obligation.

Here’s what you should understand.

Education Loan Debt Forgiveness

In line with the Wall Street Journal, A. Wayne Johnson will resign his place as main transformation and strategy officer during the U.S. Department of Education and demand cancelling all of the nation’s $1.6 trillion education loan financial obligation. In 2017, U.S. Education Secretary Betsy DeVos known as Johnson chief officer that is operating of workplace of Federal scholar help, which oversees about $1.5 trillion of federal education loan financial obligation.

Johnson stated he said the government that is federal maybe maybe maybe not provide student education loans, and believes that a lot of federal education loan financial obligation will never be paid back.

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