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Session 1: Student Loan Debt: A Barrier to Building Black Wealth
Join the Congressional Black Caucus Foundation's Center for Policy Analysis and Research Emerging Leaders Summit.

Session 1: Student Loan Debt as a Barrier to Building Black Wealth
Date: Thursday, June 24, 2021
Time: 10:00AM- 11:00AM EST

Already working to overcome an insufficient minimum wage and the rising costs of living during a global pandemic, many Black Millennials and Gen Zers also facing crippling student loan debt that is severely hindering the ability to create generational wealth. Nearly 86.8% of Black students have taken federal student loans to attend four-year public colleges compared to 59.9% of white students. The high percentage of borrowers has resulted in high rates of loan defaults for Black students, defaulting at a rate of five times more than white graduates do. The debt Black students generate pursing a college degree often create many risks and little reward as Black students annually earn $7,000 less than white graduates, shared in a study by the Economic Policy Institute. The long-term effects of student loan debt has blocked many Black people from being able to fully participate and contribute to our economy. This panel of finance and policy experts will discuss how to build wealth while tacking student loan debt and what loan forgiveness looks like for the Black community.

Featured Moderator and Panelists:
Moderator:
Sianay Chase Clifford, Congressman John Lewis Social Justice Fellow, Congressional Black Caucus Foundation

Panelists:
Fenaba R. Addo, Associate Professor of Public Policy, University of North Carolina- Chapel Hill
Devon Graves, Assistant Professor of Higher Education, California State University, Stanislaus
Victoria Lee, Research Analyst, Urban Institute

Jun 24, 2021 10:00 AM in Eastern Time (US and Canada)

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