Joe Biden campaigned around relieving up to $50,000 in student debt for qualifying Americans. Since he was elected, he’s backpedaled from that promise and it wasn’t included in the White House budget.
This move affects many college educated Americans but perhaps none more than Black women. According to the Federal Reserve, 45 million borrowers owe $1.7 trillion in student loan debt and the burden of paying back debt after higher education has fallen more on the shoulders of Black women than any other group.
As of 2016, Black women were declared the most educated group in the United States, yet they are still systematically underpaid, earning only 63 cents for every dollar a white man earns.
And recent numbers have confirmed that Black women owe an average of 22 percent more student debt than their white counterparts.
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