Debt Is Holding Black Americans Hostage

By Edna Bonhomme | The Nation

The average student loan debt is $37,102; mine is $120,000. In 2002, I couldn’t wait to start college, and student loans—as well as work study and the Federal Pell Grant—were part of the deal. I was elated to have a sense of independence and newfound freedom: a signal that I would be achieving an American dream. And while the dollar amount might appear excessive, it is by no means an anomaly for black Americans like me.

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