Few causes are as central to the progressive movement as student debt “cancellation” (which really means taxpayers absorb the burden of $1.7-plus trillion in student debt). But yet another study just confirmed that there’s actually nothing “progressive” about student debt cancellation at all.

A new analysis from the liberal-leaning Brookings Institution finds that “almost a third of all student debt is owed by the wealthiest 20 percent of households and only 8 percent by the bottom 20 percent.”