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Wealthy white business owners are doomed, not black college graduates

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Kansas Reflector welcomes input from writers who share the goal of broadening the conversation about how public policy impacts the daily lives of people across the state. Attorney and radio host Michael Kord is a columnist for the Philadelphia Tribune.

President Joe Biden, the last legitimate president since Barack Obama, announced on Aug. 24 that $10,000 in federal student loan debt for anyone with income less than $125,000 or household income less than $250,000. announced that it would eliminate He cancels an additional $10,000 of his for anyone who received a federal Pell Grant to attend college.

By the way, federal Pell grants help undergraduate students from low-income families. Created in 1972, it was originally known as the Basic Education Opportunity Grant, but was renamed in 1980 after Rhode Island Democratic Senator Claiborne Pell.

The numbers I trust were published in 2019 in The Journal of Blacks in Higher Education, which stated that over 57% of Black undergraduates received Pell Grants in the 2015-16 academic year. About 31% of white students received them.

That’s the subsidy part. What about the debt part? Well, the Education Data Initiative addresses that. EDA is a meticulous researcher-staffed think tank that relies primarily on, and infers from, raw data provided by numerous academic and federal sources, such as the National Center for Education Statistics. EDA highlights her four key race-based points on

  • About 50.8% of black students have student loans, compared to 40.2% of white college students.
  • “Most research on student loan debt forgiveness and race has focused on its impact on black borrowers. Because they are most likely to pay.”
  • “White bachelor’s degree holders earn 19% (for women) to 30% (for men) higher median annual earnings than blacks.”
  • “Student loan debt forgiveness would increase wealth for black Americans by up to 40%.”

CNBC reported on June 17 that the Brookings Institution found that blacks owe an average of $7,400 more than whites from the moment they graduated from college. And he said four years later, blacks owe an average of $52,726, while whites only $28,006.

On July 22nd, Senator Elizabeth Warren, a fully progressive and surprisingly awakened Democrat from Massachusetts, told the Student Defense Organization:

Also, striking Democrat Sen. Charles Schumer of New York and NAACP Chairman Derrick Johnson wrote in a joint BET opinion piece on February 28: They are far more likely than others to take out federal student loans from the start, and on average almost half default within his 12 years. Paying off debt is often next to impossible. The median white borrower owes only 6% of his debt 20 years after he started college, while the median black borrower still has 95% of his debt over the same period. I’m borrowing This disparity is unacceptable. It’s un-American. “

Schumer and Johnson then called on Biden to “cancel up to $50,000 of federal student loan debt.” Unfortunately he didn’t go as far as to meet their reasonable demands, but he took a big step in the right direction. It’s just one step.

Biden, his administration, Congress, state legislatures, city councils, and especially the private sector, clearly have much more to do to achieve racial economic equality that can only be achieved through equality.

He, his administration, legislatures, state councils, city councils, and especially the private sector, clearly have much more to do to achieve racial economic equality that can only be achieved through equality. Shining are slavery, peasants, black code, prisoner leasing, school segregation, social Jim Crow, voter disenfranchisement, gerrymandering, redlining, and Legal Employment discrimination in de facto as well as (legal).

In response to President Biden’s announcement of school debt forgiveness, I mean the KKK, the White Citizens Council, the John Birch Association, the Fascists. They called it Handout. They called it welfare. They called it socialism. And they called beneficiaries who didn’t pay off their student loans deadbeats.

But these selfish, narcissistic Republicans are greedily demanding millions of dollars in debt forgiveness attributed to the Small Business Administration’s Paycheck Protection Program (PPP) in connection with COVID-related funding. , and should have been called hypocrites because they received them. , Mike Kelley ($987,237), Matt Gates ($482,321) and Marjorie Taylor Green ($183,504).

Traitor Fake Ex-President Donald Trump notes that he has filed for bankruptcy six times throughout his business career and has a current debt of at least $1.3 billion ($1 billion in ab) that remains unpaid is needed.

I think each of those false Christian councilors missed the part of their scriptures where Matthew 7:5 says: Then you will be able to see clearly to drive the dust out of your brother’s (or sister’s) eyes. ‘ Or, to put it more simply, ‘First remove the log from your own eye, so that you can see clearly and remove the speck from your brother’s eye, you hypocrite!’

America was and still is racist, so black people have never been treated fairly (or equally) in this country’s education system, from grade school to graduate school. Even the 1954 Brown v. Kansas Board of Education decision has never been fully enforced as of 2022. Again, the latest lawsuit in this 68-year-old case was filed by the Kansas District Court on his July 27, 1999. Defendants have granted a motion to dismiss filed by 501st Unified School District, Kansas, Shawnee County. This historic case was dismissed primarily because, in the court’s opinion, “Defendants have announced their continued commitment to diversity and intolerance of discrimination.”

what? “Continuation of commitment” based solely on the words of that white school district? I don’t think the white court understood what our native brothers and sisters meant when they said deeply and accurately that “white people speak forked tongues.” In the case of the American education system, he will prove the Natives right in 68 years.

As a result of the lack of equal/equity education from elementary through graduate school, blacks did not consistently get the higher paying jobs they deserved. have not been able to pay off their school loan debt in the same way as some white people.

As the sage once said, “It’s not what you know. It’s who you know.” , knows that blacks are blacks, and treats the two accordingly.” History and current events prove it.

Oh, before I forget We have to impress black students in high school that they have to be in an HBCU. Black students in predominantly white institutions must also be informed that they must transfer to an HBCU.

And among thousands of reasons, there are three important reasons.

1: HBCU tuition is much cheaper than PWI tuition, so you don’t have to pay it back when you graduate.

2: HBCUs create high-paying (and socially uplifting) positions such as:

  • 80% of black judges
  • 70% of black doctors and dentists
  • 60% of black engineering degree holders
  • 50% of black lawyers and black teachers
  • 40% of black health professionals, STEM graduates and black legislators

3: HBCU is black. period.

This article was originally published by Pennsylvania Capital-Star, an affiliate of States Newsroom.