"The pursuit of higher education may be exacerbating gaps in financial well-being between blacks and whites, rather than narrowing them.
Black Americans who recently graduated college owe close to twice as much on their student loans as whites, a racial gap that has climbed nearly 14-fold over the past 15 years.
Blacks who graduated with bachelor's degrees in 2008 owed $52,726, on average, on their student debt four years later, compared with $28,006 among whites, according to a new study made public Thursday by a pair of Columbia University researchers. Black graduates, on average, were more likely to fall behind on their education loans."
This is an appalling statistic.
" As a result, the increase in debt from for-profit graduate schools may not be paying off for large numbers of black Americans."
I'm wondering what % of total debt is from loans taken out to pay for Profit colleges[ which thank heaven are now mostly OOB]
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