The Racial Justice Argument for Student Debt Relief
Jaylon Herbin, The Hill
Bianca Jones has nearly $70,000 in student loan debt, which she pays for in $300 monthly income-driven repayment installments. Every day, her loans accrue $8 in interest, adding nearly $3,000 per year to her already astronomical debt burden.
Her story is the story of many Black student borrowers. Research shows Black students are more likely to borrow to pay for college and borrow the highest amounts at the highest rates.