US South to Get Most Relief From Biden’s Student-Debt Plan, NY Fed Says

(Bloomberg) — President Joe Biden’s loan-forgiveness plan will wipe out about one-third of student debt owed to the federal government, with lower-income borrowers and those living in Southern states getting the biggest boost, according to analysis by the Federal Reserve Bank of New York. The proposal would eliminate federally-held balances for about 40% of borrowers, … Read more