Executive Conclusion
Once it secure its bachelor’s degree, black colored college graduates owe $seven,eight hundred more on mediocre than simply the light co-workers ($23,eight hundred as opposed to $16,100, also low-borrowers on the averages). But along side next few years, the fresh black-light financial obligation gap more than triples so you’re able to a whopping $twenty five,100000. Differences in attract accrual and you can scholar school borrowing from the bank produce black colored graduates holding nearly $53,000 in the education loan loans four years immediately following graduation-almost twice as much because their white competitors.
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