Student Loans Worsen Racial Inequalities In America

The transcript discusses Jackson's financial struggles due to student loans, highlighting the racial wealth gap in America. Jackson, a public school teacher, faces significant debt, impacting her ability to buy a home and provide a safer environment for her family. The transcript emphasizes how student loans exacerbate racial inequalities, with black students more likely to incur debt. Jackson advocates for debt cancellation to alleviate financial burdens.

What is the main reason Jackson is unable to move her family to a safer neighborhood?

• Her family's medical bills

• Her son's education expenses

• Her significant student loan debt

• Her modest salary as a public school teacher

How does student loan debt contribute to racial inequality in America?

• By providing equal opportunities for all students

• By increasing the wealth of black families

• By reducing the need for higher education

• By widening the racial wealth gap

What is the average percentage of student debt still owed by black borrowers 20 years after starting college?

• 50%

• 6%

• 95%

• 75%

According to the transcript, what is the wealth comparison between the average white family and the average black family?

• The average white family has nearly ten times the wealth

• The average white family has nearly four times the wealth

• The average white family has nearly twice the wealth

• The average white family has nearly eight times the wealth

What action does Jackson urge lawmakers to take regarding student debt?

• Limit access to higher education

• Provide more loans to students

• Cancel as much student debt as possible

• Increase interest rates on student loans