There’s some data to indicate that borrowers of color are more likely to find themselves dealing with a debt collector over unpaid student loans. Black students are more likely to borrow to attend college than their white counterparts and, when they do, they’re more likely to take on more debt, according to a study released last year by Demos, a left-leaning think tank.
Data on income inequality and wealth gaps point to interactions between race and ethnicity and individual and family wealth. In a 2015 report from Demos and the Institute on Assets and Social Policy called “The Racial Wealth Gap, Why Policy Matters,” Laura Sullivan and her co-authors show how changes in housing and educational policy could reduce the large racial and ethnic gaps in family wealth.
The kids these days are doing fine . . . if you think socialism is fine. According to a recent YouGov poll, 43 percent of those ages 18 to 29 have a favorable view of socialism, compared with 23 percent of those over 65. Because only 26 percent of young people had an unfavorable view (the rest had no preference), respondents under 30 were the only group more likely to report a positive view of socialism than a negative view.
That might prompt U.S. colleges to look to other countries for recruitment. Tuition from non-U.S. students can be as high as three times the rate paid by students attending their state colleges, according to The Journal. American families are increasingly struggling to pay college costs that have risen far faster than the rate of inflation. Cuts in state support for higher education are largely to blame for the tuition spikes at public universities in recent years, according to a report last year from the left-leaning think tank Demos.
Just this month, Arizona Gov. Doug Ducey signed legislation that makes it a felony to collect other people's ballots and bring them to polls. The law is not yet in effect, but it will be soon, and the punishment could be a year in prison and a potential fine of $150,000.
That might prompt U.S. colleges to look to other countries for recruitment. Tuition from non-U.S. students can be as high as three times the rate paid by students attending their state colleges, according to The Journal. American families are increasingly struggling to pay college costs that have risen far faster than the rate of inflation.
Further, African American students take out more loans — and more often — to finance their undergraduate education than any other ethnic group. A report by the public policy organization Demos found that 80 percent of black students take on debt, compared with 63 percent of white and Latino students. African American students also accrue more debt, at an average of $28,692, which is nearly $4,000 more than the average for all students. High dropout rates for African American students — 39 percent — exacerbate the problem, the report suggests.
A report by the NAACP and the left-leaning policy center Demos shows that African Americans face steeper annual percentage rates to begin with — 17.7 percent on average — in comparison to white cardholders — 15.8 percent on average.