10 Facts on African-Americans and Student Loan Debt

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  • One Out of Five Owe Student Debt
  • Debt Rises as More Black Students Enroll in College
  • Black Bachelors Degree Holders Have High Debt
  • Income for Black Students Does Not Change Disparities
  • Average Student Loan for Blacks: $30,000
  • Household Run By 35 and Under Have Most Debt
  • Shared Debt is Increasing
  • Student Debt Is a Quarter of Income for Those Earning Least
  • Ability to Pay Off Student Debt Has Decreased
  • Lots of Black Undergrads With Debt

Black Bachelors Degree Holders Have High Debt

High debt levels are more common among Black bachelor’s degree holders compared to other racial/ethnic groups. Twenty-seven percent of 2007-08 Black bachelor’s degree recipients borrowed $30,500 or more, compared to 16 percent of whites, 14 percent of Hispanics/Latinos and 9 percent of Asians, according to a College Board study.

(Photo: AP Photo/Gerald Herbert)

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