Furthermore, People’s Action Institute notes that the impact of the student debt crisis is unequally distributed, because students of color and their families are more likely to take out student loans; academic majors with more women and people of color see starting wages below the cost of living; and women and people of color are over-represented in low-wage work “due to underlying structural issues and discrimination.”
“In the past, the promise of a college degree was a more prosperous life—certainly you could expect to be able to make ends meet. But that promise has been broken,” said LeeAnn Hall, co-executive director of People’s Action Institute. “College graduates, especially women and people of color, are struggling with low wages and high student loan debt that doesn’t allow them to support themselves, much less their families.”
To rectify this uneven ratio, the report’s recommendations include:
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As Hall put it: “We need better wages and affordable higher education for everyone if we are all going to prosper and move our country forward together.”
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