Black borrowers liken student loan debt to ‘Jim Crow’ saying it deepens racial inequality, new study finds
By Nicquel Terry Ellis, Black borrowers say policymakers have ignored the racial and economic evidence of inequality in student loan debt with the majority insisting that canceling all student debt is the best solution to the crisis, according to a new report released Wednesday by The Education Trust. The report, which focuses on the perspectives and life experiences of nearly 1,300 Black borrowers, likened the disparities to “Jim Crow.” Many respondents believed student loans were not set up to give Black Americans financial freedom and they disrupt their quality of life and mental health, according to the findings. Some of the key findings