Student Loan Forgiveness: New Hope for NJ Borrowers

The cost of college has been rising steadily for decades. According to the National Center for Education Statistics, the Student Loan Forgiveness average annual cost of attending a public 4-year college (including tuition, fees, room, and board) was $17,237 for the 2017-2018 school year. This represents a 35% increase from just 10 years prior.

At private non-profit 4-year colleges, costs were even higher at an average of $46,014 per year. With these high costs, many students have no choice but to take out student loans to finance their education. (read more)