Tlaib is a perfect example of how federal bailouts of student loans would actually benefit the rich.
It’s not just the poor taking out loans. Students from families earning more than $114,000 a year borrow at the same rate as the lowest-income students — and they take out loans nearly twice as large. Students with advanced degrees — lawyers, doctors and others — account for 40% of all student debt.
And the top 25% of income-earning households hold almost half of student loan debt, according to the Urban Institute. Student forgiveness would largely be a hand up to the better off.
Tlaib's entitlement isn't going unnoticed.
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