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Deadbeat Student Borrowers Expect Biden Bailout

At a glance

  • Pause on paying student loan obligations ends this month and President Biden has offered a deal.
  • Election could foil plans to have taxpayers cough up $$$ to cover student loans.
  • Black students borrow twice as much for education as other ethnic groups. “Almost half of Black students—49%—are likely to borrow federal education loans, as opposed to 29% of Hispanic or Latino students and 21% of Asian students”, according to the Education Data Initiative. In addition, “the average Black student loan borrower takes on nearly 50% more debt for a bachelor’s degree than his or her white peers,” says the Roosevelt Insitute.

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