owe $1.7 trillion. black americans owe an average of $25,000 more than white graduates. and black women graduate with 60% more debt than white male counter parts. some claim student loan cancellation is a regressive policy. and benefit those at the top. tha not actually true. the effects of cancelling student debt are measured by race and household wealth, nort just income. the impact of cancellation is profoundly progressive. it benefits the least wealthy americans, and helps to lessen racial wealth inequality. and while we re debunking myths. let s talk about the latest from the antiloan forgifness crowd. inflation. claiming complete forgiveness will make inflation higher. since president biden was elected no one has paid student loans and cancelling that won t change anything inflation wise. not in the short term.