Currently, students who have completed post-secondary education, such as a university degree with the hopes of securing gainful employment, on average complete their degrees with about $25,000 of student loan debt. Especially, those who are Racialized, who often, as a result of systemic racism, do not have the family structure that can support them in the payment of tuition, and as a result end up having more student loan debt than their white counterparts. Furthermore, they often have to go school and work substantial hours in order to try to make ends meet and often find themselves unable to juggle both, and having to drop out of school without obtaining a degree, and left with substantial debt, which further contributes to the financial gap of wealth between Racialized people (particularly Black people) and White people. 

In the USA there has been a lot of conversation around debt reduction or eradication of student debt, but there has been little to no conversation about this in Canada. Although there are similar factors that would warrant student loan debt reduction. As Canadian millennials are also having great difficulty finding gainful employment to pay off their student debt after obtaining their degrees. Canadian laws and regulations also promotes systemic racism and there is an impact of this with regards to Racialized students being able to complete their post secondary education due to the limited support offered, and the affect of unfair advantageous offered to their White counterparts. However, none of these factors, just to mention a few are being considered by the Canadian Government to reduce the student loan debt. Let’s push for the Canadian Government to make student loan debt a priority because stopping the interest you have to pay on it, doesn’t address the impact of systemic racism or the difficulties of obtaining employment that is promised once you obtain a post-secondary education, but is often unachievable in this climate. Especially for those who are forced to experience the impact of racism in obtaining gainful or lucrative employment.