“It’s a lot of debt out there. But that debt and the burden of that debt is not necessarily being felt equally. It’s extremely difficult for borrowers of color in particular."
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“There was an assumption that the student debt problem was concentrated among those at for-profit colleges or predatory programs. Or it was seen as a problem with repayment and not necessarily with debt itself. That has shifted over the last couple of years.”
"White families who did not graduate from high school have the same level of wealth as a black family with a college education. All this has led to a system where black families in particular, but also Latinas, have less wealth to face the challenges when it comes to paying off that debt."
“This is a problem that has not gone away but has gotten worse in many communities. It’s enough of a problem that people expect some action on it, and they expect some plan for how to get there.”
"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."
“Your income or your family’s wealth is extremely predictive of whether you’re going to go college at all and certainly what program you’re going to do."