Middle-Class Minorities Most at Risk of Falling Behind on Student Loans

As a result of having limited savings or other assets to cover the cost of college, African American families borrow heavily to pay for it. Researchers at the liberal think tank Demos found 4 out of 5 black graduates take out loans to attend public colleges, compared with less than two-thirds of whites.

African American students who borrow come out with more debt than their peers, often facing dismal job prospects. College-educated blacks have twice the unemployment rate of their white counterparts.