"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.”
The crisis of American democracy is a deeper, more chronic one arising from systemic racial and gender exclusion, entrenched economic inequality, and technological and ecological transformations that undermine dreams of collective action and inclusive shared self-governance.
In 2019, progressive organizations, funders, academics, artists, and more came together to strategize about what must be done to face and address the crises undermining our democracy.
To fairly evaluate any higher education reform proposal, we must understand the ways that these dual burdens—less wealth and more debt—lead to worse outcomes for Black students than white students.
“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."
“Voting rights is the foundational issue in American politics and American society. Simply put, if we don’t all have an equal say, how can we expect to have an equal chance?”
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.