>> The solution to structural racism is more scholarship money, not more debt
I completely agree, scholarships and grants should be greater than the loan debt that a student takes on, and the maximum financial aid for a student should be capped annually in some way. There are simply too many student loans being made available to students that don't need them. I have a colleague that got a full ride through undergrad but managed to graduate with over two hundred thousand dollars in student loan debt. It is predatory lending to loan students more money than they need to cover their cost of education and cost of living (for a student).
I completely agree, scholarships and grants should be greater than the loan debt that a student takes on, and the maximum financial aid for a student should be capped annually in some way. There are simply too many student loans being made available to students that don't need them. I have a colleague that got a full ride through undergrad but managed to graduate with over two hundred thousand dollars in student loan debt. It is predatory lending to loan students more money than they need to cover their cost of education and cost of living (for a student).