Biden made a major dent in the student debt crisis -- and it's time he does the same for the growing medical debt load in the US, attorneys and advocates say

Contributing sentiments towards policy:

61% : And although medical debt is the most common collections tradeline in the US, it occurs for student loans as well.
61% : Recent legislation attempting to tackle student debt is a helpful first step, but only scrapes the surface of the debt load.
55% : Experts also said the financial consequences of defaulting on medical debt, like on student loans, can be devastating.
49% : At the end of August, President Joe Biden announced up to $20,000 in student debt for federal borrowers making under $125,000 a year -- expected to completely eliminate the balance for 20 million borrowers.
49% : On the other hand, one major difference is that medical debt is typically an unavoidable, life-and-death situation, whereas student loans are often a choice.
49% : Lawsuits for medical debt are more common than those for student debt, but both transpire.
48% : Haynes also noted that younger adults are more likely to hold student debt, medical debt, or both.
47% : Similarly, more millennials, the oldest of whom are 41, according to Pew Research Center, owe student debt than any other generation.
40% : According to the National Consumer Law Center, collectors often misrepresent borrower rights, and that government oversight of collection agencies is typically weak.
36% : But experts on medical debt say that student loans are just one piece of a household debt crisis, which debilitates millions of Americans.

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