- Bernie Sanders and Elizabeth Warren have both said eliminating student debt would help black families attain more wealth.
- Currently, black college grads from four-year schools take on $US7,400 more in loans than their white peers.
- A 2018 analysis by the Roosevelt Institute found that white families have 12 times the amount of wealth as black families. Eliminating student debt could narrow that gap.
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The US might need to look to the student-debt crisis to address racial inequality.
Americans are currently saddled with $US1.5 trillion worth of student-loan debt, and the total amount of debt young people owe is the highest since immediat…
Read the full article at: https://www.businessinsider.com.au/how-eliminating-student-debt-would-close-the-racial-wealth-gap-2019-6