Ashley Harrington is among the many people who are canceling the student debt as a problem of racial justice.

For many black Americans, the centuries of discrimination have led whites to have much more wealth than blacks, she and others say.

Then, when the time comes that students go to college, black families are much less likely than white families to have the money to help pay their children's education.

As a result, black students are more likely to have to borrow for college. And they have to borrow more.

If you graduate, you will start the life of having to pay the loans, while white students who did not have to borrow or borrow less are spending money, perpetuating wealth, Harrington and others said in a Discussion panel In December organized by the Responsible Loan Center, a consumer defense group.

The $ 1.7 billion of the nation in the student debt is "disproportionately affected by black Americans and color communities," Harrington, during the discussion, said the Federal Defense Director of the Group.

"The impact of cancellation for millions of low-income borrowers and low wealth, especially people of color, will be massive," she said.

The group is among a series of progressive organizations that call the President Biden to clean $ 50,000 of the student loan debts of all borrowers through an executive order.

But while they understand the Harrington argument and others are doing, some, like Sandy Baum, a senior. Member at the Urban Institute, he see canceling that amount of debt for all with student loans as benefiting the white borrowers more than black borrowers.

especially when they graduate well when the graduates of the University Blanca, able to pay their loans well, I would see that tens of thousands of dollars simply disappear.

Most of the nation's student loan debt, after all, is carried out by white people and people who have higher incomes than average.

of the loans taken by students who started the university in 2011, Baum said the white borrowers occupied 59 percent of that cohort's debt in 2017. Only 17 percent of debt He was held by the black borrowers.

Similarly, a study conducted by Matt Bruenig, president of the Popular Political Project, last November found that the student debt held in 2019, 63.4 percent was held by the white borrowers and 24 by one hundred for black borrowers.

In other words, blacks constitute a much greater percentage of the nation's student debtors than their proportion of the US population, which was 13.4 percent in 2019, according to the United States census .

"because most students are white, and because white students tend to stay at school longer than black students, they have much more of the debt," said Baum.

and then, critics of the cancellation of the debt ask, where is the impartiality of spending billions on forgiving the debt of college graduates, which would not do anything for blacks and others that Did not I have the opportunity to go to college and tend to make less money?

Biden During a CNN City Council Last week he did not address the racial component of the debate. But in addition to questioning whether he even has the authority to cancel the debt, Biden said he eliminated up to $ 50,000 in debt from those who went to elite universities, such as Harvard and Yale Universities and the University of Pennsylvania, was too much.

Instead, Biden said he supported Congress, not with him, forgiving a smaller amount, $ 10,000. The difference in money could be spent on other things like improving early childhood education or historically reinforcing colleges and black universities, he said.

However, a Loan Studies Center responsible in November found the least amount of cancellation. I would have less impact. The $ 50,000 debt cancellation would mean that 75 percent of borrowers should no longer have any money. The cancellation of $ 10,000 would only make 28 percent of debt free borrowers

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