The tax system’s college financing incentives benefit whites and enlarge the racial wealth gap

Evidence

There are both historical and contemporary reasons that black student debt remains a drag on wealth building, but hidden in plain sight is a tax system that rewards those who can pay for college outright, and those people are mostly white. This results in black families carrying more student debt than their white peers, which, as we saw when comparing the debt loads and interest payments of the average black graduate and average white graduate, has a snowball effect on the black-white wealth gap. — Dorothy A. Brown, The Whiteness of Wealth, 331