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Report: Unsustainable Student Loan Debt Has Severe Impact on Borrowers of Color

Thursday, July 25, 2019
Atlanta Daily World
Deborah Goldstein

This week, the Center for Responsible Lending and the National Association for the Advancement of Colored People (NAACP) released a report finding that student loan debt is unsustainable for many student borrowers, especially borrowers of color.

Quicksand: Borrowers Of Color & The Student Debt Crisis” offers policy recommendations for reforming the country’s broken and inefficient student loan system, close the racial wealth gap, and ensure that the system is fair to all students. The report, inspired by the $1.5 trillion-dollar student debt crisis, was released in conjunction with NAACP’s 110th National Convention in Detroit and to facilitate a pathway to a comprehensive solution that involves civil rights organizations.

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