In Case You Actually Get Education Loan Forgiveness? With the talk of education loan forgiveness, one concern hardly ever is asked: Is education loan forgiveness reasonable? This is what you must know. Bernie Sanders: Let’s Cancel All Scholar Loan Financial Obligation Sen. Bernie Sanders (I-VT), a 2020 presidential prospect, thinks that most $1.6 trillion of education loan debt must certanly be terminated when it comes to nation’s 45 million borrowers. Sanders philosophy is simple and easy far-reaching: everybody gets education loan forgiveness. Whether there is the money to pay off figuratively speaking is unimportant. Aided by the Sanders student loan plan, there is absolutely no requirements to get student loan forgiveness.