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Cardona Says Loan Forgiveness Is Good for Economy

US Secretary of Education Miguel Cardona says colleges need to provide a better return on investment to students and parents. He says President Joe Biden's loan forgiveness plan won't solve the problem of college affordability on its own and it's good for the economy. But some economists have warned that canceling student debt and pausing repayments could drive up inflation. He speaks to Bloomberg's Kailey Leinz.