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Cohn, Jason – Urban Institute, 2022
Racial inequities in higher education and the labor market have led to disparate outcomes in student loan borrowing and repayment by race, with Black borrowers holding more student debt and being more likely to default on it compared with white borrowers. Student loan default, which helps perpetuate the racial wealth gap by disproportionately…
Descriptors: Student Loan Programs, Debt (Financial), Loan Default, Behavior Patterns