Reinvention
Writing Off Student Debt Is One Way Biden Can Build Black Wealth
- Black borrowers typically owe more with bigger monthly bills
- Warren urges president-elect to cancel debt by executive order
President-elect Joe Biden
Photographer: Joe Raedle/Getty ImagesThis article is for subscribers only.
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Writing off billions of dollars in student debt could help Joe Biden get started on the giant task of shoring up finances for Black households on the wrong side of yawning gaps in wealth and income, according to economists who’ve studied the idea.