![Black College Student Sitting on the Classroom Floor Looking Down in Despair](/sites/default/files/styles/357x215/public/2021-01/iStock-468817978.jpg?h=b7789b31&itok=-amr6S0c)
Black students are far more likely to take on debt for a degree than white students, and young black households have more student debt despite fewer educational opportunities and a more uncertain payoff in the job market. For-profit programs enroll a disproportionate share of working class students, veterans, and students of color and account for an outsized share of loan borrowing, defaults, and delinquencies.