Impact of Student Loan Forgiveness Plan on Black Americans

[Webster]

(The Guardioan) Here’s more information on the impact of student debt on Black college students and how it reinforces the racial wealth gap from Andre M. Perry, Marshall Steinbaum, and Carl Romer of the Brookings Institute: No matter what you want to do with your life, I guarantee that you’ll need an education to do it,” President Barack Obama said in a 2009 national address to students. Such guidance is regularly told to Black people: The way to get out of poverty and achieve middle class status is to get a college degree.

But a college degree does not eliminate the income gaps between white and Black workers. Black students finance their education through debt, and thus college degrees actually further contribute to the fragility of the upwardly mobile Black middle class. And because education does not achieve income parity for Black workers, the disproportionate debt Black students are taking to finance their education is reinforcing the racial wealth gap.

Today, the average white family has roughly 10 times the amount of wealth as the average Black family, while white college graduates have over seven times more wealth than Black college graduates.

Student loans, the racial wealth divide, and why we need full student debt cancellation

Anti-Black polices across multiple sectors have diminished wealth-building opportunities that accelerate economic and social mobility. To ignore wealth disparities in the search for solutions to the student debt crisis is to turn a blind eye to the systemic racism that created the crisis itself.

www.brookings.edu

 

[WHO IS SERAFIN]

The only thing it does is increase Americas debt. Teaches when things are tough others will fix your problems. The moment government became a lender for college loans is when the prices skyrocketed so fewer could afford and the colleges took at advantage of it. Now what this is going to do is raise education prices even more. Good Job brain dead Brandon!

 

[Nebulous]

Today, the average white family has roughly 10 times the amount of wealth as the average Black family, while white college graduates have over seven times more wealth than Black college graduates.

That sounds bogus to me. The trailer park is all white people.

 

[Webster]

That sounds bogus to me. The trailer park is all white people.

 

[WHO IS SERAFIN]

That sounds bogus to me. The trailer park is all white people.

This a duh statement. The black population 11%. Of course they don’t lead the nation in wealth. BUT! BUT! The oriental people are even a smaller population and they are not crying little bitches like whites and blacks that someone is there government daddy expecting free shit while government metaphorically fucks them. No! They work harder, study harder and have become the richest and most successful minority in America. It’s why the left despises the oriental and tries to make it harder for them in the educational world.

This isn’t about education, this is about stupid thinking people and government risking our country for power.

 

[Webster]

This isn’t about education, this is about stupid thinking people and government risking our country for power.

Yeah, right....

Beyond Equity: Targeted Universalism and the Closing of the Racial Wealth Gap - Non Profit News | Nonprofit Quarterly

To close racial disparities, focus not on what a disadvantaged group “lacks,” but on what we all deserve, and develop targeted strategies to achieve those universal goals.

nonprofitquarterly.org

The persistent and stubborn racial wealth gap in the United States is well documented. This gap is rooted in the enslavement of Black Americans and structurally reinforced through policy and practices that persist today in the nation’s banking, taxation, housing, transportation, and education systems, to name but a few.

While there is widespread agreement on this condition, there is less agreement on what should be done—and if something is done, there is debate about which group(s) should be the focus. I will not engage these issues directly; some of them will be addressed in other articles in this series. Instead, I propose an alternative way to understand this problem and a way to address it and talk about it.

There is an understandable call for equity when facing the racial wealth gap. And in making this call, the implicit or explicit focus is often to address the gap between white wealth and Black wealth. This makes intuitive sense—but there are some serious limitations in such a singular focus. And these limitations also are present when focusing on eliminating or narrowing racial disparities in other important social markers. A targeted universalism (TU) approach, I believe, addresses many of these limitations. Here I discuss the advantages of TU in the context of the racial wealth gap. Before doing so, it is important to be explicit about the limitation of equity.

The concept and practice of equity has gained momentum in recent decades. Before the turn to engaging with equity in the 1990s, the discussion of racial justice and fairness was primarily envisioned as a call for equality. Equality means that people are treated equally, which is not as simple as it sounds. For instance, for years people debated whether equality meant equal outcomes or equal opportunity. From these debates, the concept of equity was developed to recognize that treating people with unequal starting conditions equally does little to reduce inequality.

Indeed, as an engagement with equity became more pronounced, the shortcomings of simply treating people who faced vastly different circumstances equally became ever more obvious. For example, in the housing system, it was pointed out that fair housing could not be achieved if Black Americans were treated the same as white Americans. This position was buttressed by the disability rights movement.

 

[WHO IS SERAFIN]

Yeah, right....

Beyond Equity: Targeted Universalism and the Closing of the Racial Wealth Gap - Non Profit News | Nonprofit Quarterly

To close racial disparities, focus not on what a disadvantaged group “lacks,” but on what we all deserve, and develop targeted strategies to achieve those universal goals.

nonprofitquarterly.org

Yes it is right.


The left is desperate to keep the black population as this group that always needs a handout to make it in life and everything bad happening to them is others fault. I’m glad to see many are waking up to the fact if you want to succeed in life it’s not going to be the clowns called government.

 

[Nebulous]

This a duh statement. The black population 11%. Of course they don’t lead the nation in wealth. BUT! BUT! The oriental people are even a smaller population and they are not crying little bitches like whites and blacks that someone is there government daddy expecting free shit while government metaphorically fucks them. No! They work harder, study harder and have become the richest and most successful minority in America. It’s why the left despises the oriental and tries to make it harder for them in the educational world.

This isn’t about education, this is about stupid thinking people and government risking our country for power.

How are they making it harder for asian people to get an education?

 

[WHO IS SERAFIN]

How are they making it harder for asian people to get an education?

Discrimination in College Admissions | Asian American Coalition for Education

Study questions bias against Asians in admissions | Inside Higher Ed

If only standardized test scores were used to admit students to the most selective colleges, Asian enrollments would increase by just two percentage points, researchers say.

www.insidehighered.com

https://nymag.com/intelligencer/2022/02/the-left-is-gaslighting-asian-americans-on-school-admissions.html

https://www.nytimes.com/2019/08/28/magazine/where-does-affirmative-action-leave-asian-americans.amp.html

DOJ: Yale Discriminates Against Asian American and White Applicants In Admissions

The Justice Department said its two-year investigation found that race is "the determinative factor in hundreds of admissions decisions each year." Yale categorically denies the allegation.

www.npr.org