An estimated 45 million people in the United States collectively hold about $1.6 trillion in student loans.
In an attempt to help ease the financial burden of higher education, legislators at both the state and federal level have also pushed for legislative changes to tackle the cost of college.
Senator Bernie Sanders stood by his plan, which took student debt forgiveness a step farther than Senator Elizabeth Warren's plan by wiping out all $1.6 trillion worth of loans. Senator Elizabeth Warren speaks during a press conference on Capitol Hill July 23 in Washington, D.C. A recent poll found that the majority of members ofWin McNamee/Getty
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