Student Debt Affects Black Students More Than Other Racial Groups
Black students rely more on student loans to pay for college than other racial groups and they’re less likely to pay off the debt, according to a study released today.
The research was presented at a conference on higher education and minorities in Washington, D.C., hosted by the University of California, Los Angeles, Civil Rights Project. “Student debt today has a color,” said Sara Goldrick-Rab, a professor at the University of Wisconsin, Madison and the study’s lead author, at the conference.
Most of the people who borrow for their education are white, Goldrick-Rab said, but a larger share of black students and are in debt than any other racial group. “The majority of African-American students in this country in college would not be there without access to student loans,” said Goldrick-Rab.