Boston, MALatinos for Education, a national nonprofit organization, whose mission is to develop, place and connect essential Latino leaders in the education sector, issued the following statement after President Biden announced the continued moratorium on student loan repayments, as well as the forgiveness of $10,000 in student loan debt for individuals whose income is less than $125,000 per year (or under $250,000 for married couples or heads of households), and up to $20,000 for those who were Pell recipients in college.

“Latinos for Education is pleased that President Biden has taken an important step to address the burden of student loan debt on the Latino community. Latino students have to take out more loans than their peers, and take longer to repay those loans,” said Chief Policy and Advocacy Officer, Dr. Feliza Ortiz-Licon. “We look forward to working with Congress and the Administration to fully address the burden these loans place on our community, as well as college affordability that addresses the full cost of attendance for Latino students, and ways to make financial aid more widely available for students currently attending college.”

This issue is critical because according to a 2020 report by the Student Borrower Protection Center, 72 percent of Latino students take out loans to pay for college, compared to 66 percent of white students. The same report states, “twelve years after starting college, the median Latinx borrower still owes 83 percent of their initial student loan balance while the median white borrower owes only 65 percent of their original balance.”

Latinos for Education previously submitted comments related to Borrower Defense and Public Service Loan Forgiveness Regulations issued by the U.S. Department of Education, and our Vice President shared her story on the impact public student loan forgiveness has had on her life.

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About Latinos for Education:

Latinos for Education is a national education non-profit organization focused on developing, placing, and connecting essential Latino talent in the education sector. The organization is mobilizing a network of skilled education leaders to ensure the voice of students and families is not only heard but factored into decision-making in schools, communities, and education institutions throughout the U.S. The organization also ensures Latino education professionals have access to a nationwide network of peers as well as career and professional development opportunities across the country through the members-only EdCentro network. For more information visit: https://www.latinosforeducation.org.


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