Remedies offered so far would do little to address inequities that are part of the student loan repayment crisis. One such inequity is tied to the U.S. racial wealth gap. In the U.S., 86% of Black students are taking out loans compared to 68% of white students. Black students owe, on average, nearly $10,000 more in loans. When wealth is assessed, Black households make up 2.9% of overall wealth in the U.S., while 86.8% of the overall wealth is held by white households. Diversity in home and business ownership is also directly affected.
Marylanders among those hit hard by student loan debt crisis
September 26, 2023