How COVID-19 Exacerbates Present Inequities within our Financial aid Program

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Over the years, the new different influences out-of education loan credit in america are creating an economic crisis for a couple sets of people, plus the latest COVID-19 pandemic threatens to help you exacerbate this type of long-standing disparities of the magnifying their means causes. It comes since no surprise, following, one some of the earliest COVID-19 rules discussions considering enabling consumers who were not able to pay-off its fund during the depression. Congress need to remember these types of disparities because it considers the latest school funding formula and you may steps to help with student loan consumers for the disruptive several months ahead.

Pandemic-exacerbated inequities will generate large challenges for college students with currently borrowed to invest in the degree and people who want to buy into the registering for this new fall. That it policy brief traces three suggestions for the government so you can consider: 1) creating COVID-19 particular leases throughout the school funding application processes, 2) extending government mortgage protections till the American personal might have been adequately inoculated against COVID-19, and you may step three) keeping capital for mathematical agencies assigned with discovering degree. Continue Reading