The ability of college graduates to pay student loans isn’t simply a matter of earnings. It also reflects wealth — and differences that persist in wealth among racial and ethnic groups.
Ask a group of higher-education policy wonks about the best way to address our nation’s growing student loan problem, and you’re likely to find one solution overlaps party or ideology: Enroll more borrowers in income-driven loan repayment. [...]
Obviously, income-driven loan repayment considers only a borrower’s income when calculating a reasonable payment. It reflects what you make, not what you own. In a country in which white families have $10 in wealth for every $1 held by black or Latino households, this can matter a great deal.