Report Finds Severe Racial Disparity in Student Loan Debt

Education

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According to a new report from Demos, a nonprofit progressive research and advocacy organization based in New York, there is a significant racial disparity in student loan debt in the United States. Through their study, the research team found that it is extremely difficult for borrowers of color to pay off their loan debt. On average, White male borrowers pay off 44 percent of their loan balance 12 years after they began college, while Black women borrowers see their balances grow by an additional 13 percent and over half of Black male borrowers default on their loans within the same time per...

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