"Supporters of debt forgiveness argue that targeted relief is inadequate and that broader relief would help to close the [racial wealth] gap."

"Black college graduates, on average, owe $25,000 more than their white peers. More than half of Black borrowers report that their net worth is less than the balance of their student loans. And Black borrowers are more likely than their white peers to drop out of school before receiving a degree. But across-the-board debt forgiveness will not help. As a recent report from the Brookings Institution concluded, only targeted policies based on race or socioeconomic status 'can address the inequities caused by federal student lending programs.'"

Writes the NYT Editorial Board in "Student Debt Is Crushing. Canceling It for Everyone Is Still a Bad Idea."

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