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.