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New $50,000 student loan forgiveness plan would make 36 million people debt-free

Thursday, February 4, 2021
Joseph Guzman | The Hill
Those who stand to benefit most from the Democrat’s proposal include Black and Latino Americans who have historically lacked access to higher education, and are more likely to take on student loan debt and struggle with repayment. According to the Center for Responsible Lending, nearly 85 percent of Black bachelor’s degree recipients carry student debt, compared with 69 percent of white bachelor’s degree recipients.