Why it may be hard to close the racial wealth gap without forgiving student debt

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Biden wants to close the racial wealth gap. But without forgiving student debt, activists say, he won't get far.

mean Black borrowers also aren't able to pay down their loans as quickly as their white peers, and nearly 20% end up defaulting on their student loans, compared with under 10% of white student loan borrowers, Kantrowitz found.

"African Americans, who went to school to improve their plight in America, are finding themselves stifled by the sheer weight of student debt," said"Therefore, they are not seeing significant movement on building wealth or a change to their financial situation."

 

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Student loan forgiveness is a joke and unfair to everyone who paid their student loans. It is an expensive program that will help a chosen few. Not equitable or inclusive and will only teach people that they really don't have to pay their debts as long as democrats are in office.

Ya what about our student loans POTUS

It's wrong to use tax.dollars to.give back to.banks for Racist MISSEDUCATED ignoble hippocrits who should sue university for hiring Racist Proffesors

😆

Does the plan include talking about NakedShorts? No? Come on man!

There goes cnbc pushing the student debt forgiveness again...and again...and again...and again...and again...and again...and again...and again...

This is elitism many people don’t go to college not to mention pandering for votes via identity politics

Fuck that woke

Pay your own debts

😂

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