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Hispanics Pay Their Bills, Join Others Critical Of Biden Deadbeat Bailout

At a glance

  •  The LIBRE Initiative said that, “many Latinos are not celebrating student loan forgiveness.”
  • 54% of Latinos said they have never had student loans while 33% said they have already paid them off compared to only 13% who said they still have student debt.
  • While some forgiveness advocates say student loans contribute to racial and socioeconomic wealth gaps, actual loan volumes are concentrated more among highly educated borrowers and less among Blacks and Hispanics, according to a Brookings Institution analysis, which indicates non-Hispanic White households account for about 63% of student debt. According to the 2020 U.S. Census, non-Hispanic Whites  account for 61.6% of the national population.

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