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Rep. Pressley: ‘Cancel student debt’ to reduce racial inequality

Rep. Pressley: ‘Cancel student debt’ to reduce racial inequality

Canceling student debt would not only address the massive racial inequalities among borrowers, but also “jump-start” the economy, according to a Democratic lawmaker.“There’s unrest in the lives of Black Americans, and that’s because of centuries of disproportionate hate, hurt, and harm that have been foisted on to Black Americans,” Rep. Ayanna Pressley (D-MA) told Yahoo Finance. “And so we’re at a culture shift moment — but we need a power shift moment.”Pressley has supported cancelling student debt to help level racial inequalities. “Black student borrowers borrow, and default more than...

July 10, 2020
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