Young people who voted for Biden in part because of his promise to address the debt crisis are wondering why, exactly, this is the case. The strength of the Black vote in Georgia has been widelyas the reason Biden won the White House and the Democrats took the Senate in 2020. Yet with midterm elections only months away, the Biden administration is choosing to move forward with a policy proposal that will disproportionately harm Black women — some of the Democratic Party’s most reliable voters.
In 2019, Savannah Demande graduated with her master’s degree — and over $52,000 in student loan debt. She knew getting the additional degree would pile onto her debt total, but as a Black woman entering the workforce, she felt she needed something to give her an advantage. “You don't see a lot of people that look like you that have master's degrees,” she says. “Especially people like my mom, who is an immigrant.
Demande says full student debt cancellation would allow Gen Z'ers like her to look into buying a house or contributing to the economy in other ways. Instead, young people — particularly young people of color — feel stuck in a generational cycle of debt.2021 poll Jennifer Cardenas, a first-generation college graduate who owes more than $67,000, has also seen how student debt is disproportionately shouldered by Black and brown people. “We understand that we do not come from generational wealth, and we understand that for us to create that mobility for ourselves in our community, it has to start with us making that decision [to pursue higher education],” says Cardenas, an outreach specialist for Young Invincibles, a youth-focused nonprofit.
And this is exactly why Republicans are challenging student loan forgiveness. Conservatives didn't sue when airlines got a bailout with our tax dollars. They didn't sue when banks got a bailout. They didn't sue when the auto industry got a bailout.
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