Do income-based repayment plans drive young borrowers of color deeper into debt?
The Hechinger Report
JANUARY 15, 2021
Half of Black borrowers who first entered college in the 2003 defaulted on their student loans within 12 years; the comparable figure for white students is 21 percent. Although the three-year default rate was still extremely high at 9.7 percent in 2017 , it’s down from 14.7 percent in 2010.
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