Four mayors explain how student debt relief will bolster their states economically
from the Education Trust found that Black women have more debt—an average of $38,800 in federal loans—after completing undergraduate schooling than any other group. These unique burdens have lasting intergenerational effects, as the Institute for Women’s Policy ResearchOverall Black borrowers have more difficulty paying their student debts back. The average Black borrower still owesDebt cancellation is a shot at greater equity.
We are four mayors who were lucky to have been able to afford our student loan payments, although not without struggle for some of us. But, there are millions of Americans across the country living paycheck to paycheck and forced to make difficult decisions, including whether to pay their student loan bill, or put food on the table for their families or stay housed.
Debt relief is critical for our communities. We are urging the Supreme Court to reinstate the program right away to give everyone an opportunity to thrive and ensure America’s families can live stronger financial lives.
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