Action Alert: Cancel Student Debt
Urge President Biden to Take Action and Cancel Student Debt to Close the Wealth Gap
There is no plan to close racial wealth gaps that does not include addressing the #StudentDebtCrisis. Student debt relief is a much-needed policy solution in the midst of this economic crisis.
Data suggest that cancellation policies beyond $50,000 would benefit all demographics, eliminate racial disparities in student debt, and boost our struggling economy. This will:
- Provide Black borrowers with opportunities to pursue homeownership
- Develop economy-boosting discretionary income
- Fuel upward mobility in the Black community and equitable efforts to close the racial wealth gap
Join other student borrowers and supporters calling for President Biden to take executive action to cancel federal student loans at a minimum of $50,000 without barriers or means-testing.
$50k & Beyond
The student debt crisis has a disproportionate impact on Black borrowers and their families. Across all racial groups, Black borrowers hold the most student loan debt despite also being consistently underserved by postsecondary institutions.
We're calling on our elected officials to cancel a minimum of $50,000 in student debt without barriers or means-testing for Black borrowers.
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