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Study: Student Loans Weigh the Heaviest on Black and Hispanic Students

Student Loan Hero

[A]ccording to our in-depth analysis of data from Demos and NCES, black and Hispanic students are paying more when it comes to student loans than white students. [...]

“Not only are students of color more likely to borrow more for a degree, and borrow in higher amounts for the same degree, but they’re more likely to struggle to repay student loans than white students,” said Mark Huelsman, a senior policy analyst for Demos. “Students of color are also overrepresented at for-profit colleges and universities which account for a very large proportion of student loan defaults.” [...]

Twenty years ago, white households held a net worth seven times that of black households and six times that of Hispanic households, according to Demos data that Huelsman noted. After the recession, that disparity increased to 13 times and 10 times, respectively.