National News

Crushing Student Loan Debt Hinders Black Home ownership, Feeds Racial Wealth Gap & Stalls Economic Growth

     This week, six states asked the Court to permanently block the Biden administration’s student loan forgiveness program — a program that will provide critical relief to over 40 million borrowers most at risk of defaulting on their student loans when the repayment pause ends. In less than a month after the student debt relief application was available, 26 million people applied or were deemed automatically eligible for relief. The need and demand for this program has been undeniable. However, since the administration has been banned from implementing its program, the weight of student loan debt has continued to impact the lives of everyday Americans and has proven to have long-term effects on other aspects of their lives including homeownership. […]