CBS News report: Biden student loan handout would benefit wealthy, raises question of ‘fairness’
Fox News
A Tuesday CBS News report acknowledged that President Biden's expected plan to cancel some student debt would only benefit some, while costing big money.
Nikolas Lanum is an associate editor for Fox News Digital.
"The benefit of erasing billions in college loans would mostly go toward Americans higher up the income ladder, the analysis also found. More than two-thirds of the debt forgiveness would help people in the top 60% of the income distribution — or those who earn $82,400 or more per year," Picchi wrote.
She added that such factors "raise questions" regarding the forgiveness program's "fairness," since the median household income in the U.S. sits below $70,000.
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