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WhiskeyGrinder

(27,311 posts)
29. The ACLU wrote a whole article about this issue, which you can read here:
Tue Dec 14, 2021, 10:14 PM
Dec 2021
https://www.aclu.org/news/racial-justice/student-debt-is-a-racial-justice-issue-heres-what-president-biden-can-do-to-help/

To understand the systemic issues rooted in the student debt crisis, we must start with its history. Though we have normalized the idea that students must take on debt for college, historically students benefited from broad public investment in higher education. However, not all students benefited equally: Black students had little access to GI Bill benefits and, even a decade after Brown v. Board of Education (1954), predominately white institutions (PWIs) in many states resisted integration and equal treatment. Further, state and federal governments continued to inadequately and inequitably fund historically Black colleges and universities (HBCUs) despite the high-quality opportunities they provided and the critical function they performed for Black students and communities. This created and cemented the racial wealth and resource gap in institutions of higher education.

It was in this context that Congress and President Lyndon B. Johnson passed the Higher Education Act of 1965. Recognizing the value of broad higher education access, Johnson hoped the legislation would open the doors of opportunity to everyone, especially Black students and other students of color, through Pell Grants and other subsidies.

Yet by the end of the 20th century, just as Black and Brown students and women gained entry after decades-long legal battles and social struggles, reactionary policymakers shifted the significant costs of higher education from the public to individual families. What had been considered a public good when it was predominantly for white men, became a public burden to be shifted to families.

This shift away from public financing, which accelerated after the Great Recession, led to predictable and damaging results: Today the cost of higher education is beyond imagination. It is out of reach for most families, especially Black and Brown students, unless they agree to unsustainable debt. In effect, we are perpetuating the ugly legacy of redlining and housing discrimination by requiring the same Black families that were historically denied wealth to take on a greater debt burden than their white peers.


There are plenty of facts readily available as well, with a quick web search. Such as:

The racial disparity in student loan debt remains prevalent for Black people, based on research released in November 2019 by the Federal Reserve Bank of New York. The researchers found that people in Black-majority neighborhoods were more likely to pay for college through borrowing, with 23 percent of Black residents taking out student loans. However, that figure drops to 17 percent among people in Latino-majority neighborhoods and 14 percent in white-majority areas.


and

Black voters hold higher education in higher esteem than the public at large, according to the survey’s findings, “given the perception that it is a ladder to socioeconomic success and that Black families and households are less likely to inherit wealth.” But the impressions largely haven’t aligned with the outcomes for Black people, who have been exploited or shut out of many economic programs and opportunities due to the persistent impact of slavery, the Jim Crow era, redlining, predatory lending and banking discrimination.

Recommendations

0 members have recommended this reply (displayed in chronological order):

If it were to help close the racial wealth gap dsc Dec 2021 #1
Well it will certainly do something to the racial wealthy gap.... NT cinematicdiversions Dec 2021 #4
I remain opposed to the whole idea bucolic_frolic Dec 2021 #2
Biden on question of forgiving $50,000 student loan debt. Budi Dec 2021 #6
He did say that he supported $10,000 relief. Nt helpisontheway Dec 2021 #14
Yes he did! So why are they holding him to $50,000 now instead? Budi Dec 2021 #22
I agree. It pisses people off arlyellowdog Dec 2021 #7
Think how unfair it is... ret5hd Dec 2021 #8
Because it effects mostly white woman? NT cinematicdiversions Dec 2021 #3
It impacts one group much worse than white women JanMichael Dec 2021 #12
Not really enthused on this... VarryOn Dec 2021 #5
i GoT mInE Act_of_Reparation Dec 2021 #10
Paid mine and all my kids Effete Snob Dec 2021 #18
Are game shows taxpayer supported? VarryOn Dec 2021 #24
No, but your future social security is Effete Snob Dec 2021 #32
If you pay more in taxes than me, we're both in great shape for retirement... VarryOn Dec 2021 #36
I'm glad you got your degree when college was affordable back in 1970s tenderfoot Dec 2021 #23
I was post-1970s... VarryOn Dec 2021 #25
Pay down student debt by a form of community service. marie999 Dec 2021 #9
Because of disproportionately impacts one group of people? JanMichael Dec 2021 #11
I would support forgiving an amount equal to the average cost NYC Liberal Dec 2021 #13
Is the ACLU arguing this as such in court? Torchlight Dec 2021 #15
No n/t leftstreet Dec 2021 #26
He HAS delivered, where he could. maxsolomon Dec 2021 #16
"Student debt cancellation would help close the racial wealth gap" XRubicon Dec 2021 #17
For one round iemanja Dec 2021 #21
I don't think you understand how this works... ret5hd Dec 2021 #33
Oh, I didn't realize that. iemanja Dec 2021 #34
Given that the loans can follow you to the grave, Xolodno Dec 2021 #19
Have to say I'm wondering about that myself mcar Dec 2021 #20
Women and People of Color have Mary in S. Carolina Dec 2021 #27
But that principle could apply to any economic policy being considered by the Federal Government. brooklynite Dec 2021 #28
Just because the ACLU has not taken a position Mary in S. Carolina Dec 2021 #30
The ACLU wrote a whole article about this issue, which you can read here: WhiskeyGrinder Dec 2021 #29
Thank you WhiskeyGrinder Mary in S. Carolina Dec 2021 #31
Predatory Lending has to be abolished. displacedtexan Dec 2021 #35
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