Black students owe an average of 188% more student loan debt than white students — and consolidation could lead to total cancellation.By Renata SagoThis article was originally published on Word In Black.After decades of what it calls “historical failures in administering student loans,” the U...
alternative sources of credit beyond Parent PLUS loans. Indeed, our analyses indicate thatdifferences in parental net worth and home ownership explain a substantial portion of theblack-white gap in student loan debt among young adults. Therefore, policies that penalize students and/or schools for bor...
The pause on federal student loans expires soon. News|Shannon Dawson HBCU Students Need The Debt Relief Biden Promised President Biden has the ability to mandate mass debt relief for millions of Black students, but will he finally deliver on his promise come August? We'll just have to wait ...
Each year, roughly 32% of American undergraduate students accept new student debt Approximately $100 Billion in new student loans are issued every year 7% of student loans are in default at any given timeTotal Student Loan Debt: $1.76 Trillion Number Of Student Loan Borrowers: 42.7 Million Borro...
director of the Education.Kahn says the move would also help close the wealth gap between white Americans and people of color.Some 90% of Black students and 72% of Latino students take out loans for college versus just 66% of white students,according to an analysis from the Consumer ...
BLACK studentsCAPITALISMSTUDENT loansINCOME inequalityBackground/Context: Student loans reflect a larger shift in U.S. society in which people are forced to go into debt for basic needs. Student loan debt in the United States has been recognized as a political economic crisis t...
disparities observed among black debt holders. Because of their lower economic status, and consequent greater need for assistance in paying for their educations, some private loan companies and for-profit colleges may specificallytarget these students, offering them sub-prime loans and sub-prime ...
understanding the types of federal student loans available. unsubsidized loans are available to students regardless of financial need. interest accumulates on these loans while you're in school. in addition, parents may be eligible to take out a federal ...
Sixty-eight percent of white respondents said they never took out student loans to pay for their education, versus 57 percent of Black respondents and 64 percent of Hispanic respondents. Almost half of white respondents said they haven’t delayed any important financial decisions due to their stude...
lending. Almost 85% of blacks have student loan debt, compared to 69% of whites, according to North Carolina non-profit the Center for Responsible Lending. The Brookings Institute reported that 38% of black students who entered college in 2004defaultedon their loans, compared to 12% of wh...