‘No different than the mortgage crisis’: NAACP President Derrick Johnson on why student loan cancellation is needed


Derrick Johnson: The No. 1 wealth driver in this country is homeownership, but you can’t qualify for a home if your debt-to-income ratio is too high, and the No. 1 debt for African Americans right now is student loans. As a result, there are no paths forward to closing the racial wealth gap without first addressing the student loan crisis in a substantial way.

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