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Possible loan forgiveness would benefit Latino students

The Education Department has suspended the collection of certain federal student loans that borrowers defaulted on, while Democratic senators insist that the relief bill has a provision that could facilitate canceling many more student loan debts through a tax break.

Why it matters: Latinos tend to have more problems repaying school debt, and in the current situation face growing stress and anxiety before even accounting for repayments.

By the numbers: Since before the pandemic, about 23% of Hispanic college grads who had taken out loans for tuition and school expenses were behind on their payments, in contrast with 6% of white student borrowers, per Federal Reserve data.

  • Estimates also show that 12 years after graduation, on average, white borrowers had been able to pay off 90% of their debts, while Latino student borrowers still owed around 80% of what they took out to afford tuition.

This story first appeared in Axios Latino, a weekly collaboration between Axios and Noticias Telemundo. Sign up here.

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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