Elizabeth Warren’s Student Loan Relief Would Lift Black, Latino Borrowers

The policy would also help close racial wealth gaps in the U.S., according to an estimate provided to the campaign by Arizona State University assistant professor Raphael Charron-Chenier and Brandeis University law professor Thomas Shapiro. “Gains to net worth for households of color would be meaningful under the policy, increasing median wealth by roughly $6,741 for Black households as a whole and $3,280 for Latino households as a whole,” they wrote in the analysis. High levels of student debt have become a drain on the economy, said David Bergeron, a senior fellow at the liberal Center for American Progress, who worked with the U.S. Department of Education for 35 years specializing in higher education.

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