Top Tweets for #parentplusdebt
ICYMI, read our latest chartbook analyzing how Parent PLUS loans burden low-income households, Black families, & college students in the South with unrepayable debt.
We’d love to continue the conversation on #ParentPLUSDebt.
https://t.co/H1hQ28DqTN
Thank you to everyone for participating in today's #ParentPLUSDebt Tweet Chat, especially our amazing partners & guests: @HigherEdNotDebt, @ThirdWayEDU, @laura_bmw, @BDMWilliams, @CLASP_DC, @TCFdotorg, @DebtCrisisOrg, @ellasuchwow, @mcbyrne, @higheredrachel
A7. Cancel all student debt. #ParentPLUSDebt
Q7: The Biden Admin's recent debt relief includes canceling some Parent PLUS debt, easing burdens. But parents still face hurdles, including administrative burdens and limited repayment plans.
What can policymakers do next to support parent borrowers? #ParentPLUSDebt
A9. All debt is unreasonable.
We need to make it politically untenable for colleges to have their lobbyists fight against free college. #ParentPLUSDebt
Q9: Parent PLUS sells college access to low-income families for an often unrepayable price.
How can we ensure college access and choice AND make sure no one is saddled with unrepayable debt? #ParentPLUSDebt
It’s also time #DoublePell to ensure low-income students can cover the cost of college and hold predatory institutions accountable for poor outcomes. /2 #ParentPLUSDebt
A8: Black borrowers & communities have higher debt balances. And because of systemic racism, the racial wage gap, generational poverty & more, are unable to pay off the debt. So Black borrowers have higher default rates & may experience wage garnishment, etc. #ParentPLUSDebt
Q8: Parent PLUS loans disproportionately distribute unrepayable debt to low-income households, Black families, & college students in the South.
What are the repercussions of this effectively unequal program design? #ParentPLUSDebt
Q9: Parent PLUS sells college access to low-income families for an often unrepayable price.
How can we ensure college access and choice AND make sure no one is saddled with unrepayable debt? #ParentPLUSDebt
Nowadays it's a more-veiled, but still wholly obvious, process for under-funding colleges that serve Black students, intensifying #ParentPLUSDebt disparities. We need to right the ship and fund a more equitable #highered system. 3/3
https://t.co/B65BDhOFJ9
A8: Black and low-income parents taking out such loans face higher interest rates and less favorable repayment terms - including being ineligible for income-driven repayment. This makes it more challenging to pay down their loan balance. #ParentPLUSDebt
Q8: Parent PLUS loans disproportionately distribute unrepayable debt to low-income households, Black families, & college students in the South.
What are the repercussions of this effectively unequal program design? #ParentPLUSDebt
The Biden admin should extend the additional $10k in debt relief to parents whose children received Pell grants—as well as allowing parents to participate in the Public Service Loan forgiveness program as long as their child’s job qualifies for the program. #ParentPLUSDebt 3/
Parents are only eligible for additional relief if they were Pell Grant recipients, themselves—even though their family incomes qualified their child for Pell when they attended college. #ParentPLUSDebt 2/
According to @POTUS’s latest announcement, student loan borrowers who had Pell Grants are eligible for up to $20k in debt forgiveness. But there’s a problem❗The extra $10k of loan forgiveness doesn’t apply to parents whose children received Pell. #ParentPLUSDebt 1/
Q7: The Biden Admin's recent debt relief includes canceling some Parent PLUS debt, easing burdens. But parents still face hurdles, including administrative burdens and limited repayment plans.
What can policymakers do next to support parent borrowers? #ParentPLUSDebt
A7: President Biden’s action is a good first step, however, we need an equitable higher ed financing system that does not disproportionately burden low-income households, Black families, & students in the South.
@GCPIEconSec #ParentPLUSDebt
https://t.co/z2E6Z5cGVA
Q7: The Biden Admin's recent debt relief includes canceling some Parent PLUS debt, easing burdens. But parents still face hurdles, including administrative burdens and limited repayment plans.
What can policymakers do next to support parent borrowers? #ParentPLUSDebt
A7: Policymakers must increase the amount of debt cancellation up to $50k, ensure access to Income Driven Repayment (IDR) Cancellation, make IDR more affordable, and protect Black borrowers from predatory schools
#ParentPLUSDebt
Q7: The Biden Admin's recent debt relief includes canceling some Parent PLUS debt, easing burdens. But parents still face hurdles, including administrative burdens and limited repayment plans.
What can policymakers do next to support parent borrowers? #ParentPLUSDebt
A7: make parent plus loans eligible for all IDR plans to make monthly payments more affordable, reduce negative amortization, and shorten the time-to-forgiveness window #ParentPLUSDebt @GCPIEconSec
Q7: The Biden Admin's recent debt relief includes canceling some Parent PLUS debt, easing burdens. But parents still face hurdles, including administrative burdens and limited repayment plans.
What can policymakers do next to support parent borrowers? #ParentPLUSDebt
A6: Policymakers must increase & expand access to Pell Grants - including for undocumented students, increase funding & expand access to HBCUs and community colleges, reauthorize the HEA, and remove restrictions for students' SNAP eligibility.
#ParentPLUSDebt
Q6: How can colleges and policymakers make higher education financing more economically and racially equitable for students and parents? #ParentPLUSDebt
@GCPIEconSec A6: Policymakers can prioritize the needs of the most marginalized borrowers, and design policy centered in lower-income borrowers and students of color, starting with the PLUS program #ParentPLUSDebt
HBCUs are more common in the southeast &, despite higher prices, they offer exceptional access and opportunities to Black students, even though it means a higher likelihood of #ParentPLUSDebt than #highered on the whole. 1/
https://t.co/ymlnEyzroS
Q4: Students whose parents have both #ParentPLUSDebt and low incomes disproportionately attend college in the South, but are underrepresented in the West.
What might be driving this geographic disparity?
A6: a few steps to start with would include: doubling the Pell Grant and create federal-state partnerships to make public college debt-free #ParentPLUSDebt @GCPIEconSec
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