SFA Research Corner: Student Loan Forgiveness and ABS

President Biden announced on February 16 that he was prepared to forgive $10,000 of federal student loan debt. While all borrowers of federal student loans would benefit to some degree, a blanket forgiveness of $10,000 would completely eliminate debt for over 15 million borrowers.  The impact on ABS backed by FFELP loans will depend on the scope of loan forgiveness.