Thegrio Politics
@thegriopolitics·150K subscribers·8.3K videos
Black Wealth Could See 40% Boost if Biden Cancels Student Debt
Posted
December 22, 2021
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December 22, 2021
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1:26Now PlayingFor nearly two years now, people with student loans have been allowed to stop payments on their loans, without accruing interest.
When it comes to Black people with student loans, doing so could mean an instant and significant change to their lives.
According to a June report from the liberal think tank, the Roosevelt Institute, “erasing $50,000 in student loans per person would immediately increase Black wealth by 40%... Black borrowers in the bottom 10% of net worth would have around $5,000 more forgiven than their white counterparts.”
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