Even if they didn't finish college, Black student-loan borrowers carry the same debt burden as a white adults with an advanced degree.
That's what two statisticians found after analyzing US Census data on the burden of student loan debt before the pandemic. They also learned that women — Black women in particular — are more likely to carry debt than men, and that people with student loan debt were more likely to also have credit card or medical debt.
On Wednesday, Michael D. King and Lindsay M. Monte, census survey statisticians, and Neil Bennett, a census economist, released adetailing the added economic hardship COVID-19 brought to those with student debt.
Those who attended college but didn't get a degree were more likely to have experienced a loss of income in their household since the start of the pandemic, the report said, and they were more likely to report having a difficult time paying their typical expenses than those with a bachelor's degree.
"For instance, the median student debt of those with no credit card debt was $16,000 in 2017," the report said."However, those withThe pandemic has only exacerbated the economic hardships for those who were already carrying the most student debt. Even with pandemic relief, like the
I thought black people didn’t have access to college debt
Didn't the government give them that debt lol?
By design?
All people who have graduated within the last ten years
Yes, borrowing money will do that to you, regardless of whether you finish.