The The National Association for the Advancement of Colored People (NAACP) has criticized President Joe Biden for his administration’s decision to resume federal student loan payments.
Resumption of monthly payments was part of the debt ceiling deal passed earlier in the month. Critics say that the deal will disproportionately impact African Americans.
“The resolution of the debt ceiling crisis is one we wholeheartedly welcomed and we appreciate all that went into debt ceiling negotiations,” Wisdom Cole, the NAACP’s national director of youth and college, say in a letter. “However, we are disappointed that the needs of Black communities have suffered from the negotiated agreement that will erode economic progress for Black Americans.”
President Biden’s plan to forgive student loans is still on the table after legislation to end the plan was vetoed last week. However a Supreme Court decision on the issue still looms in the balance.