President Biden Canceled Some Student Loan Debt, but Systemic Inequality Still Burdens Black Borrowers
By Kimanzi Constable | August 29, 2022 When President Biden announced his administration would forgive $10,000 for borrowers making less than $125,000 annually, he effectively eliminated the student loans of 32% of all borrowers. He also announced $20,000 in relief for those who received federal Pell grants, which are earmarked for low-income scholars, and extended […]