Virtual Panel Urges Student Debt Cancellation, Calling It a Racial Justice Issue, Too
Jessica Ruf, Diverse Issues in Higher Education
Canceling student debt isn’t just an economic issue but a racial justice one, too, argued higher education leaders and policymakers during a virtual convening by the Center for Responsible Lending and the NAACP.
Research shows that Black students with bachelor’s degrees owe an average of $7,400 more in student debt than their White counterparts. And, as time passes, that gap widens. Four years after graduation, Black graduates owe almost twice as much as White graduates at $53,000.