NAACP pushes for $50K in student loan debt cancellation to address racial debt divide

“Education, especially higher education, isn’t supposed to be the great equalizer. It’s supposed to be the path to the middle class,” said Jared Bass, senior director of higher education for the Center for American Progress.is an independent, nonpartisan policy institute. Bass said there are systematic hurdles facing minority students.

“The issue of how Black and brown individuals or students feel like they have to go to grad school in order to be able to earn as much or have the same economic potential as some of their white counterparts,” said Bass. There are already opponents to President Joe Biden’s current plan, which cancels up to $20,000. Most are Republicans who argue it will make inflation worse.“We can decrease the need for borrowers, Black and brown borrowers and white borrowers, to have to borrow in the first place,” said Bass.

Bass said another solution is increasing the Pell Grant, which also benefits a significant number of minority students.

Taxable income in 13 states.

Ahhh yes, 'we want $50k because our skin tones different' 🤔 pot meet kettle.

Just go back to taxing the rich's personal income to pay for the college. Its the business owners makiing a lot of kids get a college education. Most jobs they don't need any college. So its the rich business owners benefiting from this, so make them pay for it.

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rep. Tim Ryan’s criticism of student loan debt forgiveness alters prior stanceWhen Biden announced his student loan decision Wednesday, Ryan was the only Democratic member of Congress from Ohio who didn’t give it two thumbs up. He's right
Source: clevelanddotcom - 🏆 301. / 63 Read more »

Column: GOP ratchets up the hypocrisy in opposing Biden's student debt plan'It’s well past time for the critics of student debt relief to get honest about their real purpose. It’s to protect wealthier Americans who fear their income taxes will have to rise to pay for that relief,' writes hiltzikm.
Source: latimes - 🏆 11. / 82 Read more »

Student Debt Experts Say $10,000 Isn't Enough Specifically for Black Borrowers—Here's WhySome student loan experts say President Joe Biden’s $10,000 debt forgiveness plan isn’t enough specifically for Black borrowers. Here’s why. It must be hard to go through life with a racist name like that.
Source: NBCDFW - 🏆 288. / 63 Read more »

Student loan forgiveness plan will have minimal impact on current inflation, expert saysMore than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Biden announced Wednesday. Who needs discipline and responsibility? 🤬🤬🤬 😡😡😡 studentloanforgiveness
Source: wjxt4 - 🏆 246. / 63 Read more »

Tax credit 2022: Deadline for Maryland residents to claim $1,000 student loan debt relief credit is 18 days awayThe deadline for Maryland residents to claim a Student Loan Debt Relief Tax Credit of up to $1,000 is coming in less than three weeks.
Source: dcexaminer - 🏆 6. / 94 Read more »

Neil Cavuto grills Democrat Rep. Khanna on Biden's student loan handout: 'Where does this stop?'Rep. Ro Khanna, D-Calif., praises President Biden's student loan handout and calls for more action to combat medical costs as the national debt soars. TeamCavuto lol when ppl stop paying taxes TeamCavuto which is a revolution 1st youve got to shut down prozac media TeamCavuto
Source: FoxBusiness - 🏆 458. / 53 Read more »