For those who believe Black people are already equal with white people, any policy that seeks to address anti-Black discrimination looks like an attempt to give Blacks an advantage.
Many Americans believe that we have achieved black-white racial economic equality, but the data continue to show that we have a long way to go. For centuries, we have had policies to help white families build wealth at the expense of black families.
To summarize, the House Republican tax plan would get rid of several incentives—from the ability to deduct student loan interest as well as tuition, to the Lifetime Learning tax credit—which provide middle-class students and borrowers with some relief at tax time.
While some fairly valuable tax breaks for students have been kept from the chopping block, the Senate GOP’s tax bill could go a long way toward decimating funding for public colleges and universities, and community colleges in particular.
A new report from the New York Fed suggests that even while the rest of household debt improved since March, driven by decreasing credit card and housing debt, student loans have worsened.
A new fact sheet from Demos, College on a Credit Card, investigates the relationship between educational expenses and credit card debt, and shows that putting college on credit can be a very bad deal.
In the past three decades, college costs have risen significantly faster than inflation and are now at roughly 25 percent of the average household's income. This isn't true just for private schools.
