How student debt relief works
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Student Loan Forgiveness
The amounts that the white house is proposing, or planning to do, would really wipe out the debt completely for about 20 million borrowers. A lot of the distribution of the relief, i think, goes to people who typically earn 75 thousand dollars or less. So this is a pretty significant amount of forgiveness. And so if you are a student coming from a household where they're making 60 thousands dollars or less,. Very often that's first generation college students.
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