As Republicans fight Biden student loan forgiveness, data shows 3.3 million Texans would benefit
Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on Aug. 25, 2022, in Washington, DC. than residents of nearly any other state — and 1.6 million would have their balances completely cleared — according to new White House estimates released as Republicans call it an unconstitutional giveaway to the elite and seek to derail it.
Nearly 90 percent of the debt relief will go to those earning less than $75,000 per year, the White House estimates show, and half of Latino borrowers would have their balances cleared completely, as would a quarter of Black borrowers. Officials have said they plan to have applications available early next month, but the plan is likely to face a long legal battle.
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