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The High Cost of Higher Education

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Many Presidential candidates are selling their plans to lift the burden of student loan debt to potential voters. But for millions of the Americans affected by the multigenerational crisis, the only resolution is complete financial absolution.

The threat of another recession is constantly looming above the dreams of a generation that has been robbed of the bare minimum. When matched with employment in a “grind ‘til you die” society, millennials face the terror of less than mediocre wages. And when the time comes, their eyes will find a Grim Reaper wielding a scythe of six-figure debts with insurmountable interest rates and steep penalties. For marginalized students, their collegiate aspirations and academic achievements come with the harsh reality that their debt will never stop following them. And that bitter pill is chased by another when you’re female, another if you’re disabled, another if you’re queer, and another when you’re Black.

If you don’t know better, you can’t do better

Financial literacy is not something that the average student leaves high school with. Yet we are all met with the expectation to attend and obtain a costly postsecondary education. Even before that exhilarating march across the stage comes to an end, diploma in hand, a hefty loan for the future has been secured. For first generation attendees, the high stress of non-negotiable success rests on their shoulders. The same can be said for those from any environment where failure is not an option. In that moment, what was once perceived to be just a contract with numbers and percentages, quickly finds life as an expensive burden carrying the weight of the sacrifices and aspirations of not just individuals, but families.

For those who finish the race of academia, they gain the potential advantage of additional resources to help them conquer their debt. But those who succumb to their circumstances toil like Sisyphus, pushing the boulders of their debt up mountains named Navient and Sallie Mae. As they inch ever closer to the summit of repayment, the unpredictable nuisance of a costly emergency rears its ugly head, forcing the boulder back down the mountain with accumulated interest. And thus, the struggle continues.

Stats Paint A Horrific Picture

When examining the statistics of student loan borrowers, balances span every demographic. By race, gender, and even political views, we are united yet divided by our attachment to a $1.56 trillion debt. But the way in which that debt has been accrued by nearly 45 million Americans in a wavering economy where employment and fair wages are not promised is startling. By examining the rates of student loans and tuition hikes over several decades and reviewing how debt was accrued by race and gender, you learn the true cost of a college education. Those hoping to achieve the unattainable American dream will find that citizens in the margins pay the highest price.

In 2004, the student loan crisis was still an issue. Coming in at $345 billion, the balance almost seems manageable compared to what Americans are facing today. But then and now, the borrowers were majorly comprised of those under the age of 30. Making the decision to collectively borrow billions to finance educations and build their futures, millennials hold almost 65% of all student loan debt. While they do not carry the burden alone, as citizens well into their 60s still hold loans, the compounded stress of facing financial, social, and environmental issues has left a generation in distress.

Black People Impacted Most

Over just 15 years, the burden of student loan debt grew 302%, setting an average debt of $32,731 for each borrower. But just looking at the average does not give one a picture of how skewed the track is for those in the race. The factors of race, sexual orientation, economic status, disability, and gender can all prove to be advantages or setbacks. For instance, Black female borrowers face the hardest truth when it comes to how much of their earnings student loan repayment will consume.

Within the first year of post-graduation income, Black women graduates lose 111% of their paycheck to student loan repayment. For Black men, 89% of their initial earnings are absorbed for student loan debt. These statistics are what made Robert F. Smith’s contribution to the class of 2019 Morehouse graduates so grand. The prospect of stepping into the world of the working professional with financial absolution is not afforded to many in this life. During a time when Black and Brown people are hit the hardest with financial setbacks, such a gesture speaks volumes.

Even with college educations, queer people average less take home pay than their straight counterparts.

Degreed LGBTQ+ People Struggle For Proper Pay

In addition to the racial barriers that borrowing and repayment can raise, those within the queer community find hurdles of their own to jump. According to a study conducted by Student Loan Hero, the majority of LGBTQ+ student loan borrowers regret taking on debt. Queer borrowers are less likely to be paid appropriately for their work, are frequently denied financial help, and don’t find their student loan debt manageable. When the added costs of being ostracized by one’s family are considered along with the other forms of discrimination queer persons face, the deck is further stacked against them. For many people, this can create a disappointing ultimatum – finishing school and accruing more debt to do so or dropping out to avoid costs becoming too great.

The socioeconomic barriers that prohibit marginalized people from advancing in life are inherently built on White supremacy. The system of student loans and private lending for education are no different in that regard.

This is part one of a two part discussion on the cost of higher education for marginalized groups in America.

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For The Culture

Jay-Z, Colin Kaepernick, and Toxic Black Capitalism

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Jay-Z’s recent decision to align himself with the NFL has rubbed a lot of people the wrong way. And for good reason. Colin Kaepernick has been blackballed by the league for 897 days. With no sign of him returning, despite maintaining a rigorous fitness regime, many are wondering why Jay-Z did not consult Kaepernick before signing on.

Five am workouts five days a week for three long years. Colin Kaepernick has been waiting in the wings since the NFL colluded to bar him from playing amidst player protests. Eric Reid, who stood beside Kaep in solidarity, has been subjected to excessive random drug tests for just as long. As season after season dredges on, Eric says he has no desire to refrain from protesting and has pledged to kneel during the national anthem this year as well. With NFL viewership in steady decline due to boycotts within the Black community, the league has reached out to an unlikely partner to repair their image and boost their ratings, Jay-Z.

Turncoat

A one-time supporter of the national anthem protests that brought awareness to blatant police brutality, Jay-Z has decided that there’s no time like the present to profit from his brother’s struggle. Billionaire rapper Jay-Z has brokered a deal with NFL Commissioner Roger Goodell. The Roc Nation mogul is now positioned to serve as a gatekeeper, deciding who’s worthy to take the stage as a Super Bowl halftime act. As the internet reflects on Jay’s very vocal criticism of the NFL and recent Super Bowl Halftime Show performers, the irony and hypocrisy of this situation is lost on no one.

“Don’t Do This”

When news of Travis Scott’s participation in the 2019 Halftime Show reached Jay-Z’s ears, he was quick to ask the “Sicko Mode” rapper not to perform. Citing the poor treatment of Colin Kaepernick as the league turned a blind eye to police brutality, Jay-Z urged Travis to change his stance. But now, the “4:44” rapper is the one that’s turned the other cheek. Stating, “we’re past the point of kneeling”, Jay has all but embraced the ideals of his peers. Considering this partnership an opportunity to change the beast from the inside, Jay said in a recent interview that “this is the next phase.”

“We forget that Colin’s whole thing was to bring attention to social injustice. In that case, this is a success. This is the next phase. There [are] two parts of protesting. You go outside and you protest, and then the company or the individual says, ‘I hear you. What do we do next?”

Ever the capitalist, Jay-Z has turned the ostracism of Kaepernick and scrutiny of Reid into a means of personal profit. While preaching Black solidarity, he cradles the all-mighty dollar. To onlookers this poses a moral dilemma, but we forget billionaires often lack morals and have questionable ethics. While it is unlikely that Kaepernick will respond with his thoughts on the matter, his longtime girlfriend, Nessa, and Eric Reid have made their thoughts known.

You can’t trust a man who cheated on Beyoncé to make good life choices

Eric Reid took to Twitter yesterday afternoon to chastise Jay-Z for his decision. Stating, “Jay-Z knowingly made a money move with the very people who’ve committed an injustice against Colin and is using social justice to smooth it over with the black community,” Reid says the fight is on. He believes that it is “unjust” that the NFL is now “championing” social justice to cover their own systemic oppression in blackballing his former teammate. What Nessa has to say was much more scathing.

Sharing a video on Instagram of her boyfriend, Colin Kaepernick, training with his ally, former 49er Eric Reid, Nessa included a lengthy statement regarding Jay-Z’s decision.

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We will never turn our backs on @kaepernick7 because your idols decided to work with the same organization that is actively keeping Colin unemployed all because he peacefully protested against social injustice in black and brown communities, specifically police brutality. So really, how can Jay-Z and the NFL utter social justice in their partnership while keeping Colin unemployed because of his social justice work? • • It’s typical for the NFL to buy different PR looks to cover up their dirt-that’s nothing new. But what is disgusting and disappointing is Jay-Z let them use him. Whether Jay-Z knew it or not (I don’t doubt his intelligence-so I would think he knew) he helped the NFL bury who he said is an iconic figure, Colin Kaepernick. • • Don’t tell me there’s a “master plan and wait for it” because the ONLY reason anything would ever change is because THE PEOPLE are loud and clear and won’t let the league buy their loyalty with their disingenuous moves. The people are letting the league and anyone who works with them know that they aren’t buying the bs. • • Thank you all so much for showing Colin so much support and love. I know for myself, I can’t thank y’all enough for loving my family. • #imwithkap #nokapnonfl ❤️❤️❤️ • • #RP: @kaepernick7: ‪You never turned your back on me or the people, even when the nfl tried to silence your voice & the movement. You’ve never flinched or wavered. I love you Brother! Let’s get it! @E_Reid35‬ ‪ And to the people – I see you, I hear you and I love you! Thank you for having my back!!!✊🏾‬ • • 🎥: @relrelrelrel @djtonedef

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Knowing that Jay-Z is helping the NFL rebrand itself is disheartening but a predictable. After all, he is prominent figure in the Black community. It was inevitable that the league would reach out to a “respected” rapper to leverage his image to increase viewership. In fact, it’s the same strategy they used when they reached out to Travis Scott. The only difference here is that Jay-Z is well within the ranks of the wealthy, privy to those dubious politics, and versed in the manipulation of exploiting his own community for financial gain.

Do you believe that Jay-Z’s efforts will lead to further dissension in the NFL? Or will his position as a gatekeeper elad to a fitting resolution? Do you think his relationship with Robert Kraft influenced his decision?

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Merited Whiteness: Why Chris Cuomo Responded Violently to “Fredo”

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Instead of talking about the obvious wrong of comparing “Fredo” to the n-word, let’s discuss merited Whiteness and Cuomo’s response.

While out with his family, Chris Cuomo was accosted by a man who compared him to the Judas Iscariot of the Corleone family, Fredo Corleone. It’s easy to see why Chris would have perceived the sudden hurling of “Fredo” as an insult, who wouldn’t. Fredo was a man out of his depth. He was intelligent, sure. But he lacked the cunning necessary to navigate life in the mafia. Fredo was a soft-hearted, loveable idiot who said more than he should have to the wrong people. His unintentional slight got him in trouble with a community that felt entitled to his allegiance. This is the very same entitlement that possessed a stranger to believe he held the authority to pull Chris Cuomo’s merited whiteness card.

Fredo’s offense in many ways is seen as something lateral to Chris Cuomo’s presence as a journalist at CNN. The child of the 52nd Governor of New York and brother of the current Governor, who is a staunch critic of Republican politicians and their constituents, Chris stands on the wrong side, to some, in a fight for “American Values.” He is outspoken and detached from his beginnings as a political analyst on Fox News. Being the descendant of a family that is only two generations removed from their Tramonti, Campania Italian origins, The Cuomo’s represent a side of American history that is not often discussed, the assimilation of European immigrants to American whiteness.

When Italians began immigrating to the US, they were not looked upon favorably. But like the Irish and members of other European communities, they united in their “othered” state to gain acceptance, overcome their backgrounds, and race toward the American Dream. But the American Dream isn’t a big house with a white picket fence, 2.5 kids, and a dog, it’s whiteness. To be White is to be distinctly American, devoid of cultural attachments and devoted to racial supremacy. But like the Borg, whiteness requires assimilation and shared consciousness. Like their hive-minded chant, Magats would also believe “Your culture will adapt to service us. Resistance is futile.”

For families like the Cuomo’s, who were privileged enough to own a business and accumulate wealth shortly after their arrival, the trajectory to acceptance was higher than most. As Henry Pratt Fairchild said when discussing the bestowed privileges of whiteness to immigrants, “If he proves himself a man, and rises above his station, and acquires wealth, and cleans himself up — very well, we receive him after a generation or two. But at present, he is far beneath us, and the burden of proof rests with him.” So how, after a single generation, did the Cuomo’s ascend their station? By becoming fast friends with the Trump family.

After Mario Cuomo represented Fred Trump in an undisclosed legal matter, their families maintained contact. Golfing trips in Florida and New York, letters filled with flattery, and partnerships that benefitted the Trumps as developers and the Cuomos political ambitions. Beyond the business relationships of the two families, you have to wonder what values they grew to share. Judging by a 2008 remark regarding Barack Obama where Andrew spouted “You can’t shuck and jive at a press conference.” and Chris’ false equivalence of Fredo and the n-word, they share quite a few. Still, you must wonder why “Fredo” would elicit such a response from Chris. Is it because he feels his status demands subordination? Is it because he felt his whiteness was challenged?

Perceiving the use of “Fredo” as an anti-Italian slur, Chris Cuomo found himself feeling as immigrants did upon their arrival to the “land of dreams.” As explored by Maria Elisa Altese, there is a perception that Italian-Americans have forgotten what it is like to be targeted. Chris Cuomo has lived comfortably in the US as a white man, never before having his status challenged. As written by Robert F. Forester, in a country where the distinction between white man and black is intended as a distinction of value… it is no compliment to the Italian to deny him his whiteness, but that actually happens with considerable frequency.” So in his rage, Chris expressed how entitled he felt to the benefits of whiteness, it’s inclusivity, and how no one like him wants to be Black.

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Should I Have to Disclose That I’m HIV+ If I’m Undetectable?

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