The fact that millions of Americans, particularly Black and Brown and low-income borrowers, are saddled with student loan debt is a shameful testament to the broken promise of the American dream. With the cost of college rising by over 1,000% from 1982-2012, and another 25% in the last 10 years, it’s no surprise that we’ve landed our country in a dire student debt crisis. Forty-five million student loan borrowers hold $1.7 trillion in debt and for many, there’s no way out from under the debt burden.
The heart of the debt crisis is the fact that higher education has become incredibly unaffordable and inaccessible due to decades of divestment from federal and state governments. Simultaneously, the cost of living and inflation continued to increase while wages stagnated.Â Â Â
A quality higher education shouldn’t only be accessible to the rich; cost should never be a barrier to an educational path and future. Debt cancellation and making college free are two sides of the same coinâ€”both are key to making higher education equitable across racial, gender, and economic groups. #FreeCollege is a social, economic, and racial justice issue.Â
There are already several #FreeCollege proposals on the table. We have the momentum and a future without student debt is within our grasp.
If we take action, we can create change.
Amplify this on Twitter, Facebook, and Instagram.