Some call it a conflict of interest. But it turns out that 13 Democrats who support some degree of student loan cancellation have themselves $1.5 million in educational loan debt. One of these congress members, Grace Meng (D-N.Y.), claims that her aim in advocating the relief is “to address racial and economic equity issues.” In reality, however, since most low-income Americans don’t have college degrees, student loan forgiveness represents a transfer of wealth from the poor to the rich.
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