What Student Loan Debt Forgiveness Means for Women and BIPOC Borrowers

"Student debt is an issue that affects more than 40 million Americans nationwide. However, it’s no secret that the student debt crisis disproportionately affects both women and people of color, who not only carry higher debt balances than their peers but also struggle to secure equal-paying jobs," Bankrate reports.

..."Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators (NASFAA), adds that although the president’s plan will wipe out student loan debt for millions of borrowers, including women and people of color, it’s still not enough.

'Any debt relief must come with longer-term changes to the very system that got us here,' Draeger says. 'It is critical for policymakers to turn their attention to implementing comprehensive student loan reform and tackling the root causes of college affordability to make meaningful change for these students, and prevent future borrowers from ending up in the same situation.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 10/7/2022

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