The Biden Administration recently announced a student loan debt relief plan offering up to $20,000 in debt forgiveness for certain borrowers. The announcement also contained details about a new income-driven repayment plan that will reduce monthly payments for lower and middle-income borrowers. On this episode of Policy Outsider, Brian Backstrom, director of education policy studies at the Institute, joins guest host Joel Tirado to discuss the details of this relief plan and the interesting challenge of calculating the size of its benefits.

Guest: Brian Backstrom, director of education policy studies at the Rockefeller Institute

For more in-depth analysis, visit the student debt research series below: