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Point/counterpoint: Student debt - Cancellation would narrow racial wealth gap Remington A. Gregg FacebookTwitterEmail President-elect Joe Biden has the power on day one as president to help close the racial wealth gap and stimulate the economy for a country on the brink of economic disaster by completely erasing student loan debt for all 45 million borrowers. Student borrowers hold an eye-popping $1.6 trillion in debt $1.37 trillion of which the federal government owns. Prior to the federal government suspending student loan payments as part of the spring coronavirus stimulus package, one person defaulted on their student loans every 26 seconds. By 2021, borrowers are expected to hold $2 trillion in student debt. Millions of people struggle to pay for life necessities and meet their loan obligations. The coronavirus health and economic crisis has made the situation worse. As of last week, unemployment among African-Americans is almost double unemployment for Whites, and more

United statesRemingtona greggBetsy devosJoe bidenPresident trumpAfrican americanK 12Public citizenLatinx whiteInsidesources comஒன்றுபட்டது மாநிலங்களில்பந்தயம் டேவோஸ்ஓஹோ பிடென்ப்ரெஸிடெஂட் துருப்புபொது குடிமகன்லத்தீன் வெள்ளை