More than 45 million people are now carrying more than $1.7 trillion in student loan debt, most of it owed to the federal government, according to the Department of Education.
Now, the Biden administration is wondering how they can relieve of this debt, with calls growing for student debt to be canceled outright.
For more on this, KCBS Radio news anchor Dan Mitchinson spoke to David Henderson, Research Fellow at the Hoover Institution