“[A]fter 20 years, only 5% of whites have student debt, but 95% of African Americans have debt.”
Chuck Schumer
Senate Majority Leader. Press conference. Claim dated 4 Feb 2021.
FactCheck.org rated thisFalse
What FactCheck.org found
The 2019 study he was trying to cite found that 51% of white student-loan holders and 74% of Black student borrowers still had debt 20 years after they started college.
Their words, from the summary they publish with the rating.
In short
Chuck Schumer (Senate Majority Leader) made this claim around 4 February 2021. FactCheck.org (United States) looked into it and published its finding on 9 February 2021, 5 days later. Its rating was “False”.
Chuck Schumer has 11 checked claims in this archive. Fact-checking organisations rated 3 of them false or fake, 6 misleading or mixed and 0 true.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.