SIGN THE PETITION:
Urge President Biden to Take Action and Cancel Student Debt to Close the Wealth Gap
There is no plan to close racial wealth gaps that does not include addressing the #StudentDebtCrisis. Student debt relief is the much-needed policy solution in the midst of this economic crisis.
Data suggest that cancellation policies beyond $50,000 would benefit all demographics, eliminate racial disparities in student debt, and boost our struggling economy. This will:
Provide Black borrowers with opportunities to pursue homeownership
Develop economy-boosting discretionary income
Fuel upward mobility in the Black community and equitable efforts to close the racial wealth gap
Join other student borrowers and supporters calling for President Biden to take executive action to cancel federal student loans at a minimum of $50,000.