Student Loans #237 By Hank Silverberg Have you paid off your student loan? More than 43 million Americans have outstanding loans which average just under $29,000 each. It adds up to $1.6 trillion. So, when President Biden announced this past week that as much as $10,000 of each loan would be forgiven, many young people, millennials and even Gen Xers, rejoiced. Some said it was not enough, while many who had already paid off their debt the hard way cried foul. No one was happy, and Republicans have been having a field day criticizing the plan, but as usual they have no alternative ideas. There are two issues here. The obvious one is that this debt is preventing many people from getting a mortgage, saving enough for a down payment on a house, or keeping their credit score low. Many don't have money for a new car, furniture, or many other things. Forgiving some of the debt shoul