Pitchfork Economics with Nick Hanauer cover image

How student loan forgiveness rebuilds the economy from the middle out (with Marshall Steinbaum)

Pitchfork Economics with Nick Hanauer

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Who Has Student Debt?

Biden announced a plan to cancel $10,000 in student loan debt for everybody earning less than $125,000 a year. He says the policy will benefit disproportionately rich white people but also lower income graduates and people of color. "I think there's been a lot of misinformation in the public debate about sort of who has student debt," he said.

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