“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."
"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."
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.”
Access to a post-secondary education is a vital aspect of the American dream, allowing for equality of opportunity and a stable pathway to the middle class for all who are willing to work for it regardless of their background or socioeconomic status. Higher education not only improves the prospects for the employment and earnings of individuals, but has benefits that feed back into communities and society as a whole, including increases in civic participation and productivity, and preparedness for success in the global economy. Our shared commitment to these values is reflected
New Jersey’s investment in higher education has decreased considerably over the past two decades, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
This report presents findings on the use of public transit by people of color and on the potential jobs benefits that people of color can gain from investments in public transit.
For the last year, we—Demos, Anat Shenker-Osorio (ASO Communications) and Ian Haney López (author of Dog Whistle Politics), —have partnered in an ambitious multi-phase project to build an effective new narrative on race, class, and democracy. The central question we’ve explored is how to engage simultaneously around race and class in ways that strengthen social solidarity, reduce division and scapegoating, and create a viable foundation for progressive policy victories.
Once an institution accepts the premise that all people, regardless of their background, have the potential to thrive and contribute to the success of an organization, they can begin to recognize systemic disparities and gaps as flaws to be addressed.
