Data Shows Black Federal Loan Borrowers Owe 105 Percent of the Initial Loan 4 Years After Graduation

Essence Magazine:

By Jasmine Browley· Updated October 14, 2022

Student loan debt is a deep concern for most of the country. For Black borrowers though, it’s downright crippling.

New findings from a sweeping study found that among 2015–16 college graduates with bachelor’s degrees with federal student loans, Black gradsowed an average of 105 percent of the original amount borrowed 4 years after graduation compared to 73 percent for White borrowers.

This post first appeared in Essence Magazine. Read the original article.