Tag: Student Debt

Parent PLUS, HBCUs, Families

Parent PLUS College Loans Disproportionately Burden Black Families, HBCUs

Student debt is not out of the ordinary for families in the U.S., but a Medill News Service report shows parent borrowing is disproportionately burdening Black families and those who attend historically Black colleges and universities (HBCUs). The federal government’s Parent PLUS Loan is becoming popular among lower-income parents as…

debt, student, gap

Student Debt a Large Contributor to Racial Wealth Gap, Study Finds

A study by the Institute on Assets and Social Policy (IASP) found student debt disproportionately affects Black people, leading to the large wealth gap between Black and white people. The report, authored by Laura Sullivan, Tatjana Meschede, Thomas Shapiro and Fernanda Escobar found that 20 years after starting college, the…

TD Bank Survey Finds Americans Spend More Than 20% of Their Take-Home Pay on Student Loan Debt, Impacting their Long-Term Financial Health

Originally posted on newscenter.td.com. The student debt crisis is dominating the headlines, especially ahead of the 2020 elections with many candidates discussing what to do about the $1.56 trillion in debt facing 45 million borrowers across the nation.  Regardless of future policies, today’s young adults say their loan payments have…

Free College Tuition for Households With Less Than $125k Household Income

On Tuesday, one of former Democratic presidential candidate Sen. Bernie Sanders’ hallmark campaign promises became more of a reality in the state of New York. Gov. Andrew Cuomo announced a plan that would provide free tuition to any of New York’s public universities for citizens whose family earns less than…