Black Students Will be Hit Harder by Student Loan Debt

Black Students Will be Hit Harder by Student Loan Debt

If Congress doesn't act soon, Black Students will suffer more from future student loan debt

by #teamEBONY, April 30, 2012

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Black Students Will be Hit Harder by Student Loan Debt

Unfortunate studies show that students of color will likely be hit with student loan debt much harder than their White counterparts.

With talks of the interest rates on federal Stafford Loans to double beginning July 1st, 2012, it is expected that students of color will have a much harder time paying these loans back following their graduation. A study by the College Board Advocacy and Policy Center found and reported that debt of $30, 500 or higher were more prevalent among Black bachelor degree recipients. 

Read it at American Progress.

 
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