Black Americans Twice as Likely as Whites to Default on Student Debt

[Fenton Lum]

Never loan money to a negro, And they either dropout or fail at school anyways

When's the last time a negro asked to borrow money from you?

Never, they just ask for my spare change

So it's not a problem then is it. I'm sure you're very generous. Don't forget to help your white brothers with some of that spare change, the opioid addicts need some too.

 

[Rambunctious]

Half of all wage earners in america now drag home less than $30K a year in an economic system predicated upon mass consumption, that's unsustainable. Watch.

Better wake up sparky, your "exceptional" society is a ruse:

More Than Half of U.S. Wage Earners Make Under $30,000 a Year, According to a Shocking New Report

1 In 2 Working Americans Make Less Than $30,000 A Year

Wage Statistics for 2011

Half Of Americans Made Less Than $27,000 Last Year

Almost Half of All American Workers Make Less Than $15 an Hour

Hell we can't turn around the Obama economic disaster over night but we are off to a very good start sparky dupe...

 

[Rambunctious]

So it's not a problem then is it. I'm sure you're very generous. Don't forget to help your white brothers with some of that spare change, the opioid addicts need some too

 

[Fenton Lum]

Half of all wage earners in america now drag home less than $30K a year in an economic system predicated upon mass consumption, that's unsustainable. Watch.

Probably the same half who don't really deserve to make $15K a year, becayse they add no real value to the company they work for.

Of course, those poor folks with all their lobbying power and political cronies fucked everything up for ya.

 

[Fenton Lum]

Half of all wage earners in america now drag home less than $30K a year in an economic system predicated upon mass consumption, that's unsustainable. Watch.

Better wake up sparky, your "exceptional" society is a ruse:

More Than Half of U.S. Wage Earners Make Under $30,000 a Year, According to a Shocking New Report

1 In 2 Working Americans Make Less Than $30,000 A Year

Wage Statistics for 2011

Half Of Americans Made Less Than $27,000 Last Year

Almost Half of All American Workers Make Less Than $15 an Hour

Hell we can't turn around the Obama economic disaster over night but we are off to a very good start sparky dupe...

It is a consistent bipartisan effort and you didn't even know any better pard,we all saw that. ""

 

[Fenton Lum]

Actually the article says the black default rate is 48.6 vs 20.4 for whites. Almost 2 1/2 times as bad!! Anyway, we once again see more black failure. Lincoln had the right idea. All his life he fought to send blacks back to africa.

Black Americans Twice as Likely as Whites to Default on Student Debt

oct 11 2017Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans—more than double the rate among white student debtors, according to new data from the U.S. Department of Education.

The figures are part of a comprehensive report out this month that examines students who first enrolled in college during the 2003-04 academic year and whether they defaulted on at least one federal loan over the next 12 years, or until June 2015.

Robert Kelchen, an assistant professor at Seton Hall University who researches higher education, compiled default rates by race and provided it to Bloomberg.

The differences are stark: Some 48.6 percent of black student debtors defaulted on a federal loan, compared with 10.8 percent of Asians, 20.4 percent of whites, and 34.7 percent of Hispanics. Across all races, about 27 percent of all borrowers defaulted.

"Racial inequality probably plays a role: The typical white household led by someone without a bachelor's degree is wealthier than the typical black household led by someone with at least a bachelor's degree, according to figures from the Federal Reserve’s triennial Survey of Consumer Finances made public last month."

Your article pard.

 

[Anathema]

Of course, those poor folks with all their lobbying power and political cronies fucked everything up for ya.

Considering the level of service and products I get at many places and see in the corporate world these days, I have an incredibly low level of expectations for working people these days

 

[WinterBorn]

Actually the article says the black default rate is 48.6 vs 20.4 for whites. Almost 2 1/2 times as bad!! Anyway, we once again see more black failure. Lincoln had the right idea. All his life he fought to send blacks back to africa.

Black Americans Twice as Likely as Whites to Default on Student Debt

oct 11 2017Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans—more than double the rate among white student debtors, according to new data from the U.S. Department of Education.

The figures are part of a comprehensive report out this month that examines students who first enrolled in college during the 2003-04 academic year and whether they defaulted on at least one federal loan over the next 12 years, or until June 2015.

Robert Kelchen, an assistant professor at Seton Hall University who researches higher education, compiled default rates by race and provided it to Bloomberg.

The differences are stark: Some 48.6 percent of black student debtors defaulted on a federal loan, compared with 10.8 percent of Asians, 20.4 percent of whites, and 34.7 percent of Hispanics. Across all races, about 27 percent of all borrowers defaulted.

"Racial inequality probably plays a role: The typical white household led by someone without a bachelor's degree is wealthier than the typical black household led by someone with at least a bachelor's degree, according to figures from the Federal Reserve’s triennial Survey of Consumer Finances made public last month."

Your article pard.

I was wondering if anyone would make this connection. Rather than showing that blacks are irresponsible, the numbers show the racism (these fools claim does not exist) at work.

 

[Tank]

"Racial inequality probably plays a role".

I agree

 

[Meathead]

Actually the article says the black default rate is 48.6 vs 20.4 for whites. Almost 2 1/2 times as bad!! Anyway, we once again see more black failure. Lincoln had the right idea. All his life he fought to send blacks back to africa.

Black Americans Twice as Likely as Whites to Default on Student Debt

oct 11 2017Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans—more than double the rate among white student debtors, according to new data from the U.S. Department of Education.

The figures are part of a comprehensive report out this month that examines students who first enrolled in college during the 2003-04 academic year and whether they defaulted on at least one federal loan over the next 12 years, or until June 2015.

Robert Kelchen, an assistant professor at Seton Hall University who researches higher education, compiled default rates by race and provided it to Bloomberg.

The differences are stark: Some 48.6 percent of black student debtors defaulted on a federal loan, compared with 10.8 percent of Asians, 20.4 percent of whites, and 34.7 percent of Hispanics. Across all races, about 27 percent of all borrowers defaulted.

I'm shocked!

 

[Fenton Lum]

Of course, those poor folks with all their lobbying power and political cronies fucked everything up for ya.

Considering the level of service and products I get at many places and see in the corporate world these days, I have an incredibly low level of expectations for working people these days

We know, your society was built upon the persecution of workers.

 

[Fenton Lum]

Actually the article says the black default rate is 48.6 vs 20.4 for whites. Almost 2 1/2 times as bad!! Anyway, we once again see more black failure. Lincoln had the right idea. All his life he fought to send blacks back to africa.

Black Americans Twice as Likely as Whites to Default on Student Debt

oct 11 2017Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans—more than double the rate among white student debtors, according to new data from the U.S. Department of Education.

The figures are part of a comprehensive report out this month that examines students who first enrolled in college during the 2003-04 academic year and whether they defaulted on at least one federal loan over the next 12 years, or until June 2015.

Robert Kelchen, an assistant professor at Seton Hall University who researches higher education, compiled default rates by race and provided it to Bloomberg.

The differences are stark: Some 48.6 percent of black student debtors defaulted on a federal loan, compared with 10.8 percent of Asians, 20.4 percent of whites, and 34.7 percent of Hispanics. Across all races, about 27 percent of all borrowers defaulted.

"Racial inequality probably plays a role: The typical white household led by someone without a bachelor's degree is wealthier than the typical black household led by someone with at least a bachelor's degree, according to figures from the Federal Reserve’s triennial Survey of Consumer Finances made public last month."

Your article pard.

I was wondering if anyone would make this connection. Rather than showing that blacks are irresponsible, the numbers show the racism (these fools claim does not exist) at work.

Well that's what the grand american illusion and denial is for, so we never have to face what we are as a society.

 

[S.J.]

Never loan money to a negro

And they either dropout or fail at school anyways

When's the last time a negro asked to borrow money from you?

Yesterday, at the end of the freeway ramp.

 

[Tank]

Blacks don't even like school

 

[Fenton Lum]

Never loan money to a negro

And they either dropout or fail at school anyways

When's the last time a negro asked to borrow money from you?

Yesterday, at the end of the freeway ramp.

I know what ya mean, these meth addled crackers are everywhere here doing the same.

 

[Jimmy_Chitwood]

Never loan money to a negro

And they either dropout or fail at school anyways

When's the last time a negro asked to borrow money from you?

On cops they always say they borrowed the stolen car or bike from somebody with only a first name that they don't know where they live or their phone number.

 

[Anathema]

We know, your society was built upon the persecution of workers.

Only the ones who fail to provide adequate return on the investment of their employment.

 

[ShootSpeeders]

Who would many americans be without someone to hate, blame and look down upon? Lost souls adrift on a raft of personal responsibility.

HAHA. The board notes your "response" has nothing to do with the issue of student debt. Just more personal attacks on white people. That's all you white-hating racists ever have.

 

[Fenton Lum]

We know, your society was built upon the persecution of workers.

Only the ones who fail to provide adequate return on the investment of their employment.

Bullshit and you know it, you've redistributed societal wealth and concentrated it into the hands of predators. It will unravel, just a matter of time, and the power structure knows this very well. That's why your police depts have become militarized and are now able to murder citizens even when unarmed in the streeets with impunity.

 

[ShootSpeeders]

Blacks don't even like school

Blacks says "Jail is cool and school is for the fool".