1414: Will Student Loan Cancellations Help to Close the Wealth Gap?
So Money with Farnoosh Torabi
English - September 26, 2022 14:02 - 31 minutes - ★★★★★ - 1.7K ratingsEntrepreneurship Business business entrepreneurship entrepreneur finance marketing health investing leadership success money Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Central to his campaign promise, President Joe Biden announced a plan to cancel at least $10,000 in student loan debt for millions of borrowers, as well as $20,000 to Pell Grant recipients. The program is expected to mostly support working and middle class borrowers. About 75% of the benefit will go to households earning $88,000 or less per year, according to the Penn Wharton Budget Model analysis. But how will it impact the country's racial wealth gap? Guest Jean Lee is President and CEO of the Minority Corporate Counsel Association, an advisor on DEI to C-suites across corporate America. As an immigrant woman of color with a background in social work and corporate law, the professional has always been personal for Lee. A fierce advocate for her individual and institutional clients, she now champions systems-level change to create greater opportunities for those who, like her, are building careers in defiance of the status quo. Learn more at https://mcca.com
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Central to his campaign promise, President Joe Biden announced a plan to cancel at least $10,000 in student loan debt for millions of borrowers, as well as $20,000 to Pell Grant recipients. The program is expected to mostly support working and middle class borrowers. About 75% of the benefit will go to households earning $88,000 or less per year, according to the Penn Wharton Budget Model analysis. But how will it impact the country's racial wealth gap? Guest Jean Lee is President and CEO of the Minority Corporate Counsel Association, an advisor on DEI to C-suites across corporate America. As an immigrant woman of color with a background in social work and corporate law, the professional has always been personal for Lee. A fierce advocate for her individual and institutional clients, she now champions systems-level change to create greater opportunities for those who, like her, are building careers in defiance of the status quo. Learn more at https://mcca.com
Learn more about your ad choices. Visit megaphone.fm/adchoices