The idea of canceling student debt has become a topic of considerable debate. Here's what you need to know about the Warren and Sanders student debt plans and what still needs to be answered.
July 7, 2019
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Tired of politicians talking at, about, but never to, black people, a bevy of organizations joined to conduct the largest survey of black people in the United States since Reconstruction, entitled More Black than Blue: Politics + Power in the 2019 Black Census.
With the country’s total student loan debt amounting to about $1.5 trillion , borrowers lose an average of $208,000 in lifetime wealth accumulation that could have come from retirement savings, investments or home purchases, according to studies from Washington, D.C.-based think tank Demos.
“If you compare this to some of the other gifts given in higher education, it’s incredibly stark, and I would hope points us to a smarter, better model of philanthropy where people’s lives are genuinely being transformed.”