Who benefited from the cancellation of $167 billion in student loans?

Who benefited from the cancellation of $167 billion in student loans?

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Life Skills, Social Studies, Business

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The video discusses various student debt relief programs, including borrower defense, closed school discharge, and Public Service Loan Forgiveness. It highlights the positive impact of these programs on borrowers, particularly those from lower-income backgrounds and racial minorities. The Biden administration's efforts, including a new plan to eliminate accrued interest and introduce the Save repayment plan, are also covered. The video concludes with a note on the evolving nature of debt relief programs and the potential changes if political leadership shifts.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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