[A]ccording to our in-depth analysis of data from Demos and NCES, black and Hispanic students are paying more when it comes to student loans than white students. [...]
Mark Huelsman, a senior policy analyst at Demos, the left-leaning public policy organization, said he understands why debt-burdened students might take the risk of losing money in cryptocurrency markets. “The risk inherent in higher education now is higher than it ever has been," he said.
While the payoff for a good education remains, the costs are increasingly being borne by families. Debt, he said, is now basically required in order to earn a college degree.
The Black Census Project is intended to “give us a better sense of who black people are, where we are, and what we hope and dream for,” says Alicia Garza who also helped start the Black Lives Matter movement.
Six years ago today, on April 25, 2012, activists took to the streets to mark the country’s outstanding student-loan debt surpassing $1 trillion. And in the years since, many of the trends that pushed student debt levels to climb have persisted and in some cases gotten worse.
Between March 2017 and March 2018, union members’ approval of Trump fell 15 points, to 47 percent. In more than two dozen interviews with union members, many blasted Trump’s tax cut, arguing most of the benefits will flow to corporations and wealthy people. [...]
"The biggest issue facing police today is a crisis of public confidence. We have seen examples of racial discrimination, viral videos documenting misconduct, and widespread protest against incidents of police violence and the lack of accountability. Officers themselves report that it's a difficult time to be in law enforcement."
Accumulating student loan debt has become a typical part of higher education for students. As of March 2018, nearly 44 million Americans owed over $1.48 trillion in student loan debt, a number expected to grow as tuition rates outpace inflation and wage growth. Few people experience the hardships of student loan debt more than students of color. Approximately 77.7% of all black students use federal student loans to pay for their education. That group also has the highest loan default rates and lowest graduation rates among college students.
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.
But according to our in-depth analysis of data from Demos and NCES, black and Hispanic students are paying more when it comes to student loans than white students.
Torpey’s show, “Paid Off,” which premieres July 10 on TruTV, is just the latest evidence that student debt is now “part of the popular zeitgeist,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “This is a problem that a lot of people can relate to,” he said.
Considering who “deserves” an affordable education obscures an important truth: higher education serves of all us. According to a report by the left-leaning think tank Demos earlier this year, “There is a persistent link between public spending on colleges and higher tax revenue, lower public assistance spending, greater health outcomes, and lower crime rates.” [...]
The two researchers focused specifically on inheritances among families where at least one parent has a college degree. They looked at families like this in order to test the notion that higher education is some great equalizer. [...]
Democrats have all kinds of ways of addressing this problem. One would be to cultivate the class identity of white voters by embracing populist rhetoric that paints “the billionaire class” as an out-group they can define themselves against. Another would be to invest more resources into registering nonwhite voters. According to the Census Bureau, 74 percent of non-Hispanic whites are registered to vote in the United States.
“You’re going to have deductions and credits that primarily benefit the middle- and upper-class go away, but it’s not done in benefit to the working class,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “It’s just done as a revenue raiser.”
Demos, a liberal think tank, and the Institute on Assets and Social Policy at Brandeis University found African Americans are far more likely to have student debt, regardless of income. Black families, after decades of being shut out of traditional ladders of economic opportunity, have the fewest resources to cover the costs of college or to protect against the risk of borrowing.
“You hear the apocryphal story of being able to work your way through school, because it was true,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “If you were a student in 1980 and you took on a full-time summer job and a part-time job in the school year, your college costs would be covered and your living expenses would be covered.” [...]
No-loan policies at selective institutions can be eye-catching for low-income students that may not have viewed those schools as a viable option said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. But they do little to increase equity in higher education because the group of low-income students educated at these schools is so small, he added.
“There were fewer jobs available. So you had students or older workers wanting to retrain for a job,” said Mark Huelsman, senior policy analyst at Demos, a national public policy advocacy group.
