Expectations for Student Debt Forgiveness Climb in Latest NY Fed Poll A survey by the Federal Reserve Bank of New York reveals that Americans increasingly expect more federal student debt forgiveness, with the perceived likelihood rising to 39% in April from 28.7% in December. Expectations are particularly high among older Americans. Despite some debt relief measures under President Biden, including partial forgiveness for over 10% of borrowers, student loan repayments resumed last fall after a pandemic pause. Many borrowers are struggling, with one in six behind on payments. Rising interest rates on new student loans are likely to increase pressure on the Biden administration for further relief. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Costco Offers Gold, But Reselling Proves Challenging READ MORE Rising Tide of Corporate Debt Defaults: An 80% Surge in 2023 Signals Troubling Trends Ahead READ MORE A Close Above $2,078/oz Sets a Record High Closing Price for Gold READ MORE Dollar Strengthens Against Yen Despite Japan's Intervention Threats READ MORE Gold Clings to Stability Amid High Interest Rate Fears READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment