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ALT Image reads “People’s Rally for Student Debt Cancellation — Supreme Court 2-28-23 with drawing of people rallying in front of a court building”
ALT News: Student loan repayment pause has been extended to no later than June 30, 2023. Payments will resume 60 days after the pause ends.
ALT Unrepayable Debt: How Economic, Racial, & Geographic Inequality Shape the Distribution of Parent PLUS Loans
ALT A bar chart of the share of dependent students whose parents have accumulated Parent PLUS debt within five income brackets, grouped by college sector. Families in the second lowest income bracket ($30,000-$49,999 per year) are most likely to use Parent PLUS loans at both for-profit and nonprofit private four-year colleges.
ALT A line graph with five lines. The lines each correspond to one of the following racial/ethnic groups: Black, Latinx, Asian, white, and total. Each line demonstrates the share of dependent students within a race/ethnicity group whose parents have borrowed Parent PLUS loans and have annual incomes below $30,000 (in 2015 constant dollars), from 1996 to 2018. The share of Black students from households with very low incomes and that borrowed Parent PLUS loans increased at the fastest rate from 2008 to 2018.
ALT A grouped bar chart showing the median Parent PLUS loan amount and the median annual parental income for each of six income brackets. Parent PLUS loan amount varies much less across income brackets than median income. So, Parent PLUS loans disproportionately burden lower-income borrowers relative to income.
ALT On the left side, white text on a dark blue background: Do you identify as disabled and attend a minority-serving institution, like a historically Black college or university? On the left side, red text on a dark blue background: Vilissa Thompson is leading a project to highlight the experiences of disabled college students. Please direct message @CAPDisability for more information! Compensation is available. On the right side, a brick building with several columns. A metal ramp leads to the front door and two students walk by looking at their phones. In the bottom right corner, a blue square with CAP in white text.
