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

Video Credit: Wochit News - Duration: 00:34s - Published
Why Are Black Americans Hurt By Student-Debt The Most?

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.

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