How Student Debt Is Perpetuating Racial Inequality

May 19, 2015 | | MarketWatch |

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The nation’s yawning wealth gap is a major reason why minority students end up borrowing more for college. Structural racism has created disparities in home ownership rates, income and other wealth-building vehicles, providing minority borrowers with fewer resources to tap to pay for college, on average.

 

“The more we are putting the burden of debt onto students and communities that we’ve traditionally overburdened, I think that only stands to exacerbate the problem,” Huelsman said.

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