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Some Democrats’ calls to cancel $50,000 in student debt per borrower has critics, with even President Joe Biden arguing it would benefit the high-earners more than the low earners. But a new study challenges that argument.

The left-leaning Roosevelt Institute released a report on Tuesday analyzing the “regressive cancellation myth” that Massachusetts Sen. Elizabeth Warren and Senate Majority Leader Chuck Schumer’s plan to cancel $50,000 in student debt per person would be regressive because it helps a well-off group with a college educations. The think tank found that the Warren-Schumer plan is, in fact, progressive, details ⇒

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