Schumer, Warren Misstate Student Loan Debt Disparity

In a press conference in which they called on President Joe Biden to use his executive authority to cancel up to $50,000 in federal student loan debt for individuals, Senate Majority Leader Chuck Schumer and Democratic Sen. Elizabeth Warren misstated a racial disparity statistic.

Schumer, who conferred with Warren on the figures, wrongly said “after 20 years, only 5% of whites have student debt, but 95% of African Americans have debt.” But the 2019 Brandeis University study the senators were trying to cite found that 51% of white student-loan holders...