Data and Code for: Student Debt Relief and Racial Wealth Gaps
Principal Investigator(s): View help for Principal Investigator(s) Gerald E. Daniels Jr., Howard University; Venoo Kakar, San Francisco State University; Jeffrey Galloway, Howard University
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Data | 05/01/2024 09:22:AM | ||
| Model | 05/01/2024 09:21:AM | ||
| SummaryStats | 05/01/2024 11:51:AM | ||
| Tables | 05/01/2024 01:32:AM | ||
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application/pdf | 53.1 KB | 04/30/2024 08:11:PM |
Project Citation:
Daniels Jr., Gerald E. , Kakar, Venoo, and Galloway, Jeffrey. Data and Code for: Student Debt Relief and Racial Wealth Gaps. Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-05-13. https://doi.org/10.3886/E201783V1
Project Description
Summary:
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The Biden-Harris Administration released a plan to cancel federal student loans for 43 million borrowers on August 24, 2022. While the Supreme Court struck down the Biden-Harris' student debt relief plan on June 30, 2023, the White House is now planning to use the Higher Education Act of 1965, a federal law that governs the student loan program, to bring about relief for student borrowers. This article estimates the potential impact of broad-based student debt relief on racial and ethnic wealth gaps. On average, federal student debt potentially eligible for relief explains 3% of the White-Black wealth gaps, suggesting that broad-based student debt relief could significantly mitigate racial wealth inequities.
Note: This is data and code accompanying the article.
Note: This is data and code accompanying the article.
Scope of Project
Subject Terms:
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Student Loans;
Wealth Inequality;
Loan Forgiveness;
Racial Wealth Gaps
JEL Classification:
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D14 Household Saving; Personal Finance
G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth
H81 Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
I22 Educational Finance; Financial Aid
I24 Education and Inequality
D14 Household Saving; Personal Finance
G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth
H81 Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
I22 Educational Finance; Financial Aid
I24 Education and Inequality
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