An analysis of the House's recently introduced College Affordability Act.
October 10, 2019
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"The ability to pay off your loans has everything to do with wages and the ability to gain secure employment, it has everything to do with housing affordability, it has everything to do with child-care costs."
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.”