Already, among borrowers who start college but never finish, the default rate is three times higher than the rate for borrowers who have a diploma.On the flipside, loan forgiveness would reduce that burden, making it more likely that students would reenroll, according to Brown.
"Loan forgiveness could be a key strategy to bring students who have some college, but no degree, back to finish their coursework," she said. Nearly half, or 47%, of students who stopped their postsecondary education before finishing said they would be very likely to reenroll if some or all their student loans were forgiven, the report by Lumina and Gallup also found.Meanwhile, college is only getting more expensive.
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