Biden announced a new effort to forgive student loans under the Higher Education Act of 1965.

The review comes as progressive lawmakers and various constituent groups call for the president to forgive up to $50,000 of student loan debt.


Although student loan forgiveness is a universal issue, Black students often have to take out more loans than their white counterparts, due in part to systemic racism.

Over the last week a viral meme catapulted into the internet, promising a piece of financial relief under the weight of student loans.