“The study, published in the journal Race and Social Problems, finds that black young adults have 68.2 percent more student loan debt, on average, than do white young adults,” writes Inside Higher Ed. “But the study also points to differences in the way white and black wealthy families are different in the support they provide to their children to minimize college debt. Among white families, students from wealthier backgrounds borrow less. But this is not true for black families, the study found. The research speculates that black families of means may not have as much wealth in liquid assets.”
Read the full story, published 3/9/16 by Inside Higher Ed.