Name: Schumer, Warren Misstate Student Loan Debt Disparity - FactCheck.org
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Schumer, Warren Misstate Student Loan Debt Disparity - FactCheck.org

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Schumer, Feb. 4:Warren:Schumer:Her office told us that her press conference remarks intended to emphasize the impact of canceling debt for Black and Latino borrowers.That 40% figure comes from an August report by the Roosevelt Institute, which said: “[O]verall Black wealth is also projected to increase substantially in relative terms (up to a nearly 40 percent increase at the highest cancellation amounts modelled) while the relative impact on average white wealth remains modest.” The highest debt cancellation amount studied was $50,000.“Given the many advantages wealth confers in the contemporary U.S. context, the substantial increase in Black net worth is a very significant positive contribution of student debt cancellation, one with potentially transformative positive impacts for Black families overall,” the report concluded. “As a tool to reduce wealth&nbsp;inequality&nbsp;specifically, however, estimates show that student debt cancellation alone is not a sufficient approach. … However, we still believe there is ample reason to pursue student debt forgiveness for reasons of racial equity.”Editor’s note:FactCheck.org does not accept advertising. We rely on grants and individual donations from people like you. Please consider a donation. Credit card donations may be made through. If you prefer to give by check, send to: FactCheck.org, Annenberg Public Policy Center, 202 S. 36th St., Philadelphia, PA 19104.&nbsp;Ask SciCheckQ. Are vaccinated and boosted people more susceptible to infection or disease with the omicron variant than unvaccinated people?A. No. Getting vaccinated increases your protection against COVID-19. Sometimes, certain raw data can suggest otherwise, but that information cannot be used to determine how well a vaccine works.Have a question?

Schumer, Feb. 4:Warren:Schumer:Her office told us that her press conference remarks intended to emphasize the impact of canceling debt for Black and Latino borrowers.That 40% figure comes from an August report by the Roosevelt Institute, which said: “[O]verall Black wealth is also projected to increase substantially in relative terms (up to a nearly 40 percent increase at the highest cancellation amounts modelled) while the relative impact on average white wealth remains modest.” The highest debt cancellation amount studied was $50,000.“Given the many advantages wealth confers in the...

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Schumer, Warren Misstate Student Loan Debt Disparity - FactCheck.org

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