Biden’s Plan To Cancel $10,000 In Student Debt Would Not Be Enough For Black Borrowers, NAACP Chief Says

As President Joe Biden reportedly nears a plan to cancel $10,000 in student loans per borrower, National Association for the Advancement of Colored People (NAACP) President Derrick Johnson argued Friday that the amount would not be enough — particularly for black borrowers.

After months of pressure from progressive Democrats, the White House is nearing a plan to scrap $10,000 per borrower earning up to $150,000 per year, according to a report from The Washington Post. Johnson argued that such a solution would be “pouring a bucket of ice water on a forest fire.”