More than 800,000 Arizonans have federal student loan debt. Advocates say if courts allow the plan to move forward, it will help reduce the racial wealth gap.
PHOENIX — Student loan forgiveness could eliminate college debt for thousands of Black and Latino borrowers in Arizona.
“The student loan program will benefit people of color and low-income families in a significant way,” Dennis said. Experts say if courts allow the plan to move forward, Latinos and Black borrowers will get significant help. “It’s going to liberate a little bit of their income to pay for goods, services and pay for things like rent and gas. The price of things are going up,” said Alan Sanchez, associate director of financial aid at Arizona Western College in Yuma.
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