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The national debate around student loan forgiveness has shifted into high gear. Last month, Sen. Chuck Schumer called for the elimination of up to $50,000 of student loan debt, joining a chorus of activists for debt forgiveness. Not to be outdone, Secretary of Education Betsy Devos just extended a pandemic-inspired moratorium on student loan payments. President-elect Joe Biden is facing high expectations to pursue broad-based student loan relief as soon as his first day in office. And the country is still sifting through the new federal Covid-19 relief package to understand whether any further help is in sight beyond the current Jan. 31 deadline.
But policymakers and pundits from both parties are …
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