A Word: A Dream Defaulted: Black College Debt
Slate Books
Slate Podcasts
3.8 • 546 Ratings
🗓️ 2 September 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | This is a word, a podcast from Slate. |
| 0:07.5 | I'm your host, Jason Johnson. |
| 0:09.2 | President Biden's plan to forgive millions of dollars in student loan debt is being |
| 0:13.2 | criticized by many conservatives, but hail by many people who are drowning in loan repayments. |
| 0:19.2 | But for African-American borrowers, |
| 0:22.4 | does this plan do enough? |
| 0:24.3 | What we see with black borrowers is that they tend to have higher average loans |
| 0:27.3 | than comparable white borrowers, |
| 0:29.5 | and that number has creeped up over time. |
| 0:31.8 | Student debt forgiveness and the African-American community |
| 0:34.4 | coming up on a word with me, Jason Johnson. |
| 0:37.4 | Stay with us. |
| 0:42.9 | Welcome to a Word, a podcast about race and politics and everything else. |
| 0:46.8 | I'm your host, Jason Johnson. |
| 0:48.8 | President Biden took a step toward fulfilling a key campaign promise last week when he |
| 0:53.5 | announced a plan to relieve millions |
| 0:56.1 | of dollars in student debt. The policy would wipe out $10,000 to $20,000 in loans for most |
| 1:03.0 | borrowers. For many African Americans, the expectation that taking student loans will fund a step |
| 1:08.2 | up on the socioeconomic ladder is often undercut with the reality, |
| 1:12.1 | that student loan debt can widen the racial wealth gap instead of closing it. |
| 1:16.5 | Joining us to talk more about that is Finneba Addo. |
| 1:19.3 | She's an associate professor of public policy at the University of North Carolina at Chapel |
... |
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