Do income-based repayment plans drive young borrowers of color deeper into debt?
The Hechinger Report
JANUARY 15, 2021
One-third of Black borrowers in repayment in 2017 with a bachelor’s degree were using these payment plans – a much higher rate than those of other borrowers, according to a report from the Center for American Progress. percent in 2017 , it’s down from 14.7 Related: More students are taking out private loans as college costs rise.
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