Progressives continue to push the Biden administration for student loan forgiveness, though many argue it would not benefit who they claim it will.
The idea is to get the poor working class out from under crushing student loan debt, but some education experts say nothing could be further from the truth.
"Often times they're students from high-income families that have the ability to cover much of this debt that those from low-income households do not," Jonathan Butcher, Will Skillman Fellow in Education at The Heritage Foundation.
A University of Chicago paper shows that erasing all student loan debt would distribute $192 billion to the top 20 percent of earners in the U.S., but just $29 billion to the bottom 20 percent of U.S. households.
Right now, Democrats in Congress are talking about an immediate $10,000 forgiveness. Butcher questions whether this is just a one-time deal, or if taxpayers will continue to foot the bill for higher education.
"We can forgive loans today, but what about next year? Or the year after that? Or the year after that? At what point do we not forgive student loans? Or are we just going to say taxpayers are going to cover college for everyone in perpetuity?"