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

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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.

Added on the 30/07/2019 09:27:31 - Copyright : Wochit

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