Warren’s report finds Biden’s new student debt relief plan would benefit African Americans, women, seniors, and low-income borrowers.
student debt relief “a massive windfall to the rich,” arguing that “Republicans must fight this with every ounce of our energy and power.”
The Biden administration is working to finalize another plan, under the Higher Education Act, to provide relief to 30 million student borrowers. The report from Warren and Merkeley analyzes the impact of Biden’s new plan and who would benefit. Women are more likely to have higher debt than men and have lower earnings. The new rule could help address this disparity. One group who would benefit is public school teachers, 77 percent of whom are women.
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