The student-loan industry has disproportionately burdened borrowers of color — but agencies in President Joe Biden’s administration might be able to change that.
On Thursday, Student Defense — an organization that advocates for borrowers’ rights — released a report highlighting the “woefully inadequate” response the Education Department has had toward the student-loan industry targeting minority borrowers and women. Specifically, the report highlighted how student-loan abuses have violated the civil rights of borrowers of color and emphasized the way in which a collaboration with the Federal Student Aid office and the Education Department’s Office of Civil Rights (OCR) could work together to change that.
“For too long, Black and Brown borrowers have been disproportionately impacted by our broken student loan system,” Massachusetts Sen. Elizabeth Warren told Student Defense. “The Department of Education and the Office for Civil Rights and Federal Student Aid should enhance their collaboration to help tackle racial disparities in our higher education system and to protect the civil rights of Black and Brown students.”
Recent Comments