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I n November 2015, The New York Times published an op-ed on student-loan debt that focused on the plight of Liz Kelley, a college graduate, mother of four, and high-school teacher who owed a ...
In recent years, statistics prove that student loan debt in America is in the trillions, $1.7 trillion to be exact, a number that is inclusive of new pupils, recent graduates and former students ...
As calls for reparations for Black Americans swell in the U.S., organizations like the NAACP are calling on the federal government to cancel student loan debt as a tier of reparations. Here's why.
According to a report from the U.S. Department of Education, Black college graduates have an average of nearly $53,000 of student debt compared with $28,000 for white graduates.
A Dallas attorney, Adwoa Asante borrowed $147,000 in federal loans to attend Emory University School of Law, graduating in 2015 and has paid back $15,000. With interest, she still owes over $162,000.
Black borrowers on average carry about $40,000 in federal student loan debt, $10,000 more than white borrowers. The disparity reflects a racial wealth gap in the U.S. — one that some advocates ...
It found 66% of them regret taking out a loan, deeming the debt "unpayable" and "not worth it." Student debt unevenly impacts Black borrowers, with many pushing for full student debt cancellation.
Reports show that Black college graduates are entering the workforce with an average of $25,000 more in student debt than white college graduates while barely making enough to pay it off.
Even if Black borrowers have high incomes, they still often have low wealth, which makes paying back student loans more difficult, said Perry and Romer. Another possibility would be retroactively ...
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