• June 20, 2021

Exclusive: Here’s what Biden can do right now without Joe Manchin: Cancel student loan debt

 Exclusive: Here’s what Biden can do right now without Joe Manchin: Cancel student loan debt


“Components of the plan are encouraging, but it fails to address the student loan debt crisis that disproportionately affects African Americans,” Derrick Johnson, president of the NAACP, said in a statement on Biden’s latest announcements. “You cannot begin to address the racial wealth gap without addressing the student loan debt crisis.”

In other words, student loan debt isn’t a peripheral consideration for people of color. It’s essential.

That reality was reflected in Civiqs polling on the topic earlier this year. The survey found that 58% of voters age 18 to 34 support the Biden administration canceling $50,000 in federal student loan debt. But the policy was even more popular among young voters of color, garnering the support of 83% of Black youth voters and 69% of Latino youth voters. There’s good reason for heightened support among young voters of color. As a report last year by the Student Borrower Protection Center found, racial disparities in the effects of student debt perpetuate a “vicious cycle of racial and economic inequality.”

And by the way, young voters turned out in historic numbers last November, with young voters of color in particular providing a critical boost to the Biden-Harris ticket in key battleground states.

This should be so simple: It’s good for the economy, it’s good for the base, and it’s good for racial equity. Failing to cancel at least $50,000 in student debt would be political malpractice, particularly when the rest of Biden’s agenda is in peril. 





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Reporters Team

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