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Direct linkJacob Goss; Daniel Mangrum; Joelle Scally – Education Finance and Policy, 2024
We quantify the total stock of balances eligible for the Biden administration's 2022 student loan forgiveness proposal and examine which groups would have benefited most. Up to $442 billion in loans were eligible. Those who would have benefited most were younger, had lower credit scores, and lived in lower- and middle-income neighborhoods. We also…
Descriptors: Loan Repayment, Student Loan Programs, Low Income, African Americans
