Writing Off Student Debt Is One Way Biden Can Build Black Wealth

“The way that the Biden plan is structured around college affordability and student debt certainly begins to chip away at what has been a system that disproportionately impacts black and brown families in terms of their ability to build wealth,” said Mark Huelsman, associate director of policy and research for Demos, a progressive think-tank. [...]

“Student debt is both a cause and a consequence of the racial wealth gap,” said Huelsman at Demos. “It’s taken on because we have denied communities of color with public investments that would help them sort of build wealth. But it also is going to be the next driver of the college affordability crisis.”

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