Forgiving PLUS Debt for Low-Income Parent College Borrowers

In a recent blog post from the Urban Institute, authors posit that policymakers looking to ease the burden of student debt should not overlook parent loans. By forgiving federal education loans made to parents who have virtually no chance of being able to repay, policymakers would relieve pressure on thousands of low-income households, with Black families receiving a relatively large share of the benefits because they disproportionately fall into the low-income range and attended underfunded institutions. To limit the number of parents who will be in this situation in the future, policymakers could increase grant aid for low-income students and aid to their institutions to ensure parents who can’t afford loans don’t need them to access higher education for their children. #education #racialequity