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. “It’s not the amount I borrowed that’s killing me – it’s the interest.”. Students all over the country echo that sentiment.