10 Facts on African-Americans and Student Loan Debt

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  • 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
  • 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

Student Debt Is a Quarter of Income for Those Earning Least

Outstanding student debt was nearly a quarter of the income of the lowest fifth of households. But households in the top 9 percent of household income owed only seven cents of student debt for every dollar of household income received.(Photo: GettyImages)

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