FeaturedA Call to Build Black Women's Futures by Canceling...

A Call to Build Black Women’s Futures by Canceling $50K in Student Debt

-

- Advertisment -sslate

With Black women carrying more student loan debt than any other group, a national petition has been launched to cancel $50,000 in student debt for every borrower to help build the future of Black women.

More than 28,000 people already have signed the petition to get the Biden administration to cancel out the debt, which advocates say will help close the racial wealth gap by at least 20%.

Shayka Cherry-Donaldson, executive director of the nonprofit 1000 Women Strong, said Black women find themselves at the intersection of cancel-debt conversations. Yet, there is not enough focus on solutions to liberate them from the ever-growing burden of debt.

“We know that a Black woman who graduates with a bachelor’s degree is paid the same as a white man who has a high school diploma, a Black woman with a master’s degree is paid the same with a white man with a bachelor’s degree,” Cherry-Donaldson outlined. “You cannot catch up, even with the education and the experience on our side.”

U.S. Department of Education data showed significant race-based differences in the amount of debt that students of color assume and can readily pay.

black

The goal of the campaign and petition in partnership with the American Civil Liberties Union, seen on both organizations’ websites, is to empower Black women and close the gap on current trends.

Studies show African American families are more likely to borrow than white, Latino or Asian families and Black women are often the primary breadwinner.

Cherry-Donaldson explained they are looking for opportunities to build wealth.

“For our current families, but also to invest in things such as property real estate, starting our own businesses that all require capital or some type of loan process, so we are completely shut out because we are holding the burden of student debt,” Cherry-Donaldson pointed out.`

Lumina Foundation, which advocates for racial equity in America’s education system, also is urging policymakers, through its Borrowers of Color Project, to ensure people of color are in the room when decisions are made to address unmet needs.

Cherry-Donaldson hopes to find an ally in Kamala Harris, given her background as the first female, first Black and first Asian American vice president.

Sunshine Slate
Sunshine Slatehttps://www.sunshineslate.com
Sunshine Slate is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the United States of America.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

How To Choose The Right Air Freight Service For Your Business

When it comes to shipping goods, air freight service is often the preferred choice for businesses due to its efficiency and speed.

Tips and Tricks For Maximising Business Productivity with Dynamics 365

As a result, let’s discuss leveraging Dynamics 365 to its fullest potential. We'll uncover tips and tricks that not only enhance your understanding of this dynamic solution but also amplify its impact on your business.

Avoid last-minute crush of choosing a health plan

When it comes to open enrollment and navigating the many health care options, experts say starting your research sooner rather than later is the best approach.

Bills in Congress Would Extend Medicaid to Incarcerated

Organizations in Idaho are calling on the state's congressional delegation to support access to health coverage and substance-use treatment for the incarcerated population.
- Advertisement -

Fighting Misinformation With a Combination of Strategies

In a slew of academic studies. Regardless, this toxic mix of confusion, misdirection, manipulation, and outright threatens both public health

A Challenge to Help Redesign Higher-Ed Admissions Process

If applying for college was not so difficult, maybe more people would enroll, which is the premise of a new challenge to states and universities.
edealo.com
- Advertisement - Motel 6
transformerscon

Must read

Tips and Tricks For Maximising Business Productivity with Dynamics 365

As a result, let’s discuss leveraging Dynamics 365 to its fullest potential. We'll uncover tips and tricks that not only enhance your understanding of this dynamic solution but also amplify its impact on your business.

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.
- Advertisement -
- Advertisement -sslate

You might also likeRELATED
Recommended to you