ShootSpeeders
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- May 13, 2012
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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.