Blacks causing more than their share of student loan problems

[miketx]

New Federal Data Show a Student Loan Crisis for African American Borrowers

Two weeks ago, the U.S. Department of Education provided the first-ever look at long-term outcomes for student loan borrowers, including results by race and ethnicity.

The data show that 12 years after entering college, the typical African American* student who started in the 2003-04 school year and took on debt for their undergraduate education owed more on their federal student loans than they originally borrowed. This holds true even for students who finished a bachelor’s degree at a public institution. One reason they might not be paying down their loans? Nearly half of African American borrowers defaulted, including 75 percent of those who dropped out of for-profit colleges


New Federal Data Show a Student Loan Crisis for African American Borrowers - Center for American Progress

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Who'd a thunk it?

 

[EvilCat Breath]

A free education is an entitlement.

 

[SassyIrishLass]

That's racist.....or something

 

[Marion Morrison]

Some people just aren't college material, but they admit them anyways. If they default, Uncle Sam picks up the tab.

It's a win-win for the lending institutions, (who probably lobbied heavily for it) The taxpayers, notsomuch.

To me, it's not as much racist as it is grafty and corrupt.

 

[MrShangles]

Is there anything blacks can do without screwing over other folks.
They used to be good ball players but they f-ed that up now.


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[miketx]

Is there anything blacks can do without screwing over other folks.
They used to be good ball players but they f-ed that up now.


Sent from my iPhone using Tapatalk

They're good at murdering each other.