7 Ways Student Debt Can Ruin Your Life

May 29, 2015 | | Mic |

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Mark Huelsman, a senior policy analyst at the think tank Demos, recently published a report illustrating how having to borrow large amounts of money in order to finance college education exacerbates racial inequality. Students of color tend to borrow more, and more often, than white students. In the chart below, you can see that while 72% of white students borrow for private colleges, 86% of black students and 87% of Hispanic students have to borrow to pay for private colleges.   

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