$SPY lol I’m pretty certain the 95% of the student borrowers are white. The reality is many people of color receive financial aid or scholarships. Unfortunately, many people of color do not have someone in the family that would qualify as a guarantor, and as a result cannot secure loans for 4 years of tuition and room and board. The silver lining, is the student debt load is not even remotely close to what it is for a middle class white kid, whose parents almost always pay 100% full tuition, unless they have a scholarship l. “In addition, the attorneys general argue that forgiving $50,000 in student loan debt would help close the racial wealth gap for Black and Latinx borrowers. "This measure would help remedy predatory practices that have disproportionately harmed people of color, boost our struggling economy and create a viable future for millions of Americans," they wrote.
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