Black and Latino Americans hopeful about student debt forgiveness

President Biden's announcement last Friday that he's considering forgiving a portion of student loans is resonating with many Black and Latino voters who have found themselves struggling with their student loan debt, as the nation continues to recover from the long COVID pandemic and high inflation.

About 90% of Black Americans and 72% of Latinos take student loans to attend college, compared to 66% of White students, according to a report from the Student Borrower Protection Center.

"This is impacting them in terms of how they can move forward," said Vanessa Sansone, a higher education professor at the University of Texas at San Antonio.