Some critics of Biden's student-loan forgiveness say the relief will help rich people the most. New data suggests the exact opposite.
had applied or were automatically deemed eligible, and 16 million of them were fully approved.
Now, the department has released data by Congressional district — and it gave a big hint that Biden's $125,000 income cap on the relief worked as intended, ensuring that it would benefit the borrowers who need it the most. Per the department, 81% of all applications came from the bottom 80% of districts based on average income, and the bottom 80% of those districts have more borrowers eligible for relief than the top 20%.
But it's reasonable to say that Biden's relief would work as intended, targeting it to the lowest earners. Republican lawmakers and some experts have
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