KEY POINTS
  • Federal student loans are far from the only debt burdening American families.
  • Household debt, include the balances on credit cards and mortgages, exceeds $15 trillion.
  • But there are some meaningful reasons explaining why there's been such a strong, unified and widening movement to get education debt, in particular, wiped out.
Activists hold a student loan forgiveness rally near the White House on April 27, 2022.

Throughout the conversation around student loan forgiveness, one frequently asked question is why cancel education debt, and not, say, credit card debt or mortgages?

What's so different about student loans?