Eliminating all student debt, per Sanders' plan, would increase the wealth gap between white and black households, according to one 2015 study co-authored by left-leaning think tank Demos.
“Not only are students of color more likely to borrow more for a degree, and borrow in higher amounts for the same degree, but they’re more likely to struggle to repay student loans than white students."
“The gauntlet has been laid. It also reminds us that public policy really does have a role to play. We should take a hard look at why this was needed in the first place.”
"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.”
"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."
New York, NY —A growing number of young students are turning to more affordable community colleges for their higher education, but only an alarming two out of five finish a degree within six years of enrollment, according to a new report published today.
“These are folks who are serving [and] preparing food for all of the rest of us. It's a recipe for contagion when...the people preparing your food cannot afford to stay home when they have a contagious disease.”
It’s crucial that the U.S. Congress and the Department of Education act swiftly and aggressively and provide states and institutions with much-needed support before it’s too late.
12 years after entering college, white men have paid off 44% of their student-loan balance on average, according to an analysis released last year by Demos, a left-leaning think tank.
Over 100 community, civil rights, consumer, and student advocacy organizations urge House and Senate leadership to insist on student debt cancellation for all borrowers during negotiations over the next coronavirus relief package.
Twelve years after starting college, white men have paid off 44% of their student loan balances on average, while black men saw their balances grow by 11%, according to an analysis from Demos.