Dominique Baker, assistant professor of education policy, was asked to testify about student debt before the US Senate Committee on Banking, Housing, and Urban Affairs, chaired by Elizabeth Warren, April 13. Baker’s statements illustrated the burden of student debt upon the economy and its impact on racial justice.
COVID-19 may have made inequities clearer, she said, but the federal financial aid system has for a long time disproportionately impacted students of color, low-income students, and students from other underrepresented communities in higher education.
She also addressed student loan cancellation. “Large-scale debt forgiveness could not only avert a potential wave of student loan defaults and allow for greater participation in the consumer market but also could encourage students who have left college to re-enroll, a current goal sought by many education experts,” she added.
The implicit promise of finding good jobs based on borrowing money and working hard in college doesn’t often deliver, she said.
To watch her testimony, click here and forward to 2:14:00 and 2:28:00 marks in the video.
Click here for printed testimony.