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THREAD on the race gap in #studentdebt:
1. 86.6% of black students borrow federal loans to attend four-year colleges, compared to 59.9% of white students. businessinsider.com/how-americas-s…
1. 86.6% of black students borrow federal loans to attend four-year colleges, compared to 59.9% of white students. businessinsider.com/how-americas-s…
2. Even well-off black students are force to take on more student-loan debt.
3. An average black graduate has $7,400 more in student debt than his or her white peer. 
4. Black student-loan borrowers default on their loans at five times the rate of white graduates due to "to higher for-profit graduate-school enrollment and lower earnings post-grad." via @BrookingsInst
@BrookingsInst 5. Graduates of historically black colleges and universities (HBCUs) take on 32% more debt than their peers at other colleges.
6. Eliminating student-loan debt would narrow the racial wealth gap for young families.
7. White borrowers pay down their education debt at a rate of 10% a year, compared with 4% for black borrowers.
8. Black graduates earn less money out of college, making it harder to pay off their loans. - @EconomicPolicy
