10 Facts on African-Americans and Student Loan Debt

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  • 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
  • One Out of Five Owe Student Debt

Income for Black Students Does Not Change Disparities 

Within each income bracket, the percentage of Black graduates with high debt is highest. Black students of public four-year universities and whose parents’ incomes are less than $30,000 held 16 percent of debt. While white students in the same bracket held only 8 percent. (Photo: GettyImages)

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