Option

Option

Forgive 10K

Income Driven Repayment (IDR)

Under this policy, a one-time lump sum of $10,000 of student debt is forgiven per federal borrower.

Under this policy, all borrowers pay around 10% of their income above 150% of the poverty line and loans are forgiven after about 20 years.

Share of relief by income

Income Driven Repayment (IDR) plans lead to more forgiveness for lower and middle-income borrowers

High earners

Middle

Low

Option

$67

$63.2B

$14.6

Forgive 10K

Option

12.7

11.2

$11.9B

Universal IDR

Share of relief by race/ethnicity

White

Black

Hispanic

IDR plans also tend to target more relief to Black borrowers, a group that faces high loan burdens.

Option

$102.2B

26.3

11.4

5.2

Forgive 10K

Other

Option

2

$18.5B

14.9

Universal IDR

0.5

Option

Option

Forgive 10K

Income Driven Repayment

Under this policy, a one-time lump sum of $10,000 of student debt is forgiven per federal borrower.

Under this policy, all borrowers pay around 10% of their income above 150% of the poverty line and loans are forgiven after about 20 years.

Share of relief by income

High earners

Middle

Low

Option

$67

$63.2B

$14.6

Forgive 10K

Option

12.7

11.2

$11.9B

Universal IDR

Income Driven Repayment (IDR) plans lead to more forgiveness for lower and middle-income borrowers

Share of relief by race/ethnicity

White

Black

Hispanic

Option

$102.2B

26.3

11.4

5.2

Forgive 10K

Other

Option

2

14.9

$18.5B

Universal IDR

0.5

IDR plans also tend to target more relief to Black borrowers, a group that faces high loan burdens.

Option

Forgive 10K

Under this policy, a one-time lump sum of $10,000 of student debt is forgiven per federal borrower.

Option

Income Driven Repayment

Under this policy, all borrowers pay around 10% of their income above 150% of the poverty line and loans are forgiven after about 20 years.

Share of relief by income

Income Driven Repayment (IDR) plans lead to more forgiveness for lower and middle-income borrowers

Option

Forgive 10K

High earners

Middle

Low

$67

$63.2B

$14.6

Option

Universal IDR

12.7

11.2

$11.9B

Share of relief by race/ethnicity

IDR plans also tend to target more relief to Black borrowers, a group that faces high loan burdens.

Option

Forgive 10K

White

Black

Hispanic

$102.2B

26.3

11.4

5.2

Other

Option

Universal IDR

2

14.9

$18.5B

0.5

Option

Forgive 10K

Under this policy, a one-time lump sum of $10,000 of student debt is forgiven per federal borrower.

Option

Income Driven Repayment

Under this policy, all borrowers pay around 10% of their income above 150% of the poverty line and loans are forgiven after about 20 years.

Share of relief by income

Income Driven Repayment (IDR) plans lead to more forgiveness for lower and middle-income borrowers

Option

Forgive 10K

High earners

Middle

Low

$67

$63.2B

$14.6

Option

Universal IDR

12.7

11.2

$11.9B

Share of relief by race/ethnicity

IDR plans also tend to target more relief to Black borrowers, a group that faces high loan burdens.

Option

Forgive 10K

White

Black

Other