As the Biden administration prepares to defend its student debt cancellation program before the U.S. Supreme Court on Tuesday, data shows that Black borrowers have the most to lose should the justices strike down the policy. Black borrowers hold a disproportionate share of student loan debt, and many likely were recipients of Pell Grants, federal aid to help low-income students pay for higher education. Those federal student loan borrowers who received Pell Grants could qualify for up to $20,000 in debt forgiveness under the administration plan.
Black student loan borrowers at risk as U.S. Supreme Court weighs forgiveness plan
February 28, 2023