Publications and Research

Document Type

Article

Publication Date

1-3-2017

Abstract

College student debt, now topping one trillion

dollars, is one of the most severe issues affecting

higher education. But if that amount (higher than

Americans’ combined credit card debt) sounds scandalous,

the problem is compounded by the fact that

it is affecting disproportionally people of color.

In a report published by the Brookings Institute

last October titled “Black-white disparity in student

loan debt more than triples after graduation,” its

authors found that by the moment they earn their bachelor’s

degrees, black college graduates owe $7,400

more on average than their white peers. And the

problem becomes even more acute over time.

According to this same report, the black/white

debt gap eventually more than triples to a whopping

$25,000. This leads black graduates holding

nearly $53,000 in student loan debt four years after

graduation, almost twice as much as their white

counterparts.

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