‘You have a degree, but who do you know?’ Why student debt is a racial-justice issue
This systemic racism in the credit and wealth-building systems compound the problem, said Ashley Harrington, the federal policy director at the Center for Responsible Lending. For example, in 2012 the Obama administration tightened credit standards for parents to access the PLUS loans, a federal loan program parents can use to pay for their kids’ college. That change meant the government...