Why Are Black Americans Hurt By Student-Debt The Most?

Credit: Wochit News
Published on July 30, 2019 - Duration: 00:34s

Why Are Black Americans Hurt By Student-Debt The Most?

1.

86.6 percent of black students borrow federal loans, compared to 59.9 percent of white students.

2.

On average, a black graduate has 47,400 more student debt than white peers.

3.

Black student-loan borrowers default on their loans five times more than white graduates.

4.

Black borrowers pay their debt at a rate of only 4 percent a year while white borrowers do it at 10 percent.

5.

Black graduates earn less money out of college, making it harder to pay off loans.


Why Are Black Americans Hurt By Student-Debt The Most?

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