On average Black borrowers carry a heavier burden of student loan debt than white borrowers.
FILE - President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. One in four Black borrowers would see their debt cleared entirely under the administrations plan, which cancels $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000.
“You are ensuring that your little brothers and sisters have what they need for school,” Perry said. “You are helping your parents pay off their rent, their house. So your quote-unquote wealth doesn’t even have time to be built because you’re trying to help your family survive.”Black borrowers on average carry about $40,000 in federal student loan debt, $10,000 more than white borrowers, according to federal education data. The disparity reflects a racial wealth gap in the U.S.
Perry faced steep challenges to complete her education. Homeless for nearly a year, she had to drop out of school and saw the interest on her loans balloon. She also faced incarceration. Eventually, she was able to get her record expunged and earned a master’s in public health from Tulane University, graduating just in time for the COVID-19 pandemic.
In her first months of graduate school, before her fellowship salary kicked in, TC Headley called the university's financial aid office to ask if there was help to cover the cost of books and supplies. Instead, the woman on the phone told her to call her parents and ask for more money.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Black August uplifted as alternative Black History MonthFor Jonathan Peter Jackson, a direct relative of two prominent members of the Black Panther Party, revolutionary thought and family history have always been intertwined, particularly in August.
Baca lebih lajut »
Black August uplifted as alternative Black History MonthFor Jonathan Peter Jackson, a direct relative of two prominent members of the Black Panther Party, revolutionary thought and family history have always been intertwined, particularly in August.
Baca lebih lajut »
Black August uplifted as alternative Black History MonthTo many, February is the month dedicated to celebrating Black Americans’ contributions to a country where they were once enslaved
Baca lebih lajut »
Black August Uplifted As Alternative Black History MonthFirst celebrated in 1979, Black August celebrates Black freedom fighters, revolutionaries, radicals and political prisoners, both living and deceased.
Baca lebih lajut »
All-Black female crew observes 100th anniversary of Bessie Coleman’s first flight - New York Amsterdam NewsAmerican Airlines celebrated the 100th anniversary of the first Black woman to earn a pilot’s license – Bessie Coleman accomplished that feat in 1922.
Baca lebih lajut »
NASA releases 'haunting' audio clip taken from a black hole 240M light years awayTwitter users are calling the sounds '100 times more frightening than you could have imagined' and are comparing them to 'billions of souls wailing in anguish.'
Baca lebih lajut »