The federal loan forgiveness is expected to significantly impact Latinos who carry a larger student debt burden.

Among Latino undergraduate students who began their postsecondary education in 2012, 51% borrowed funds to pay their undergraduate or graduate education, according to Excelencia in Education, one of the nation’s leading educational think tanks focused on Latino college completion.

The initial $10,000 of federal student loan forgiveness will allow about half of all Latino borrowers to have their entire debt forgiven, according to Excelencia…

Of those Latinos who have borrowed to pay for college, 23% took out loans under $10,000 and 26% received loans of between $10,000 and $50,000.