This paper, written for the Consumer Finance Law Quarterly Report by SBPC Civil Rights Counsel Katherine Welbeck, examines the racial disparities that exist in the student loan market, explores the role of student loan servicing in varied borrower outcomes, and lays out the range of legal remedies available to hold servicers accountable for their practices.
With Black and Latinx borrowers disproportionately bearing the brunt of the negative consequences associated with student debt, the paper argues that regulators, enforcement officials, and policymakers must use all available legal tools to advance racial equity and economic justice.
Read the Paper: Race: Examining Legal Remedies for Disparate Student Debt Outcomes