Bloomberg has quietly begun to roll out a series of policy proposals, and this week, it was higher education’s turn. His plan says a lot about where consensus currently is—and is not.
In the last ten days, the House has passed two much-needed bills for Black and brown people and working people of all backgrounds. The PRO Act, is the most far-reaching reshaping of U.S. labor law in decades. The CREDIT Act would overhaul the nation’s credit reporting system.
"In today’s competitive economy, nothing is more important than getting a college education. Yet college tuition costs in the U.S. have been increasing at a breakneck pace, making college unaffordable for millions of Americans.”
"Income is actually a somewhat imperfect way to judge whether or not a family is financially secure. The typical black family making $100,000 has a lot less wealth than the typical white family making $100,000."
"The percent of low-income students borrowing for a bachelor’s degree is unconscionably high, particularly if you consider their debt loads as a percent of their family income and wealth. Even if low-income students and high-income students were borrowing the exact same amount for college, that debt is a far greater burden relative to their family wealth.”
Some presidential candidates' critiques promote unhelpful assumptions about who tuition-free and debt-free college would actually serve. (Spoiler: it's not millionaires and billionaires.)
The Disparate Impact standard is critical to continued and enhanced opportunity to access fair credit, housing, and homeownership. Demos strongly opposes efforts to undermine this longstanding enforcement tool.
The future of our planet demands that we recognize our historic inequities and prioritize those who have been most impacted by climate change throughout history.