Black Americans Twice as Likely as Whites to Default on Student Debt

[Text Drivers are Killers]

Actually the article says the black default rate is 48.6 vs 20.4 for whites. Almost 2 1/2 times as bad!! Anyway, we once again see more black failure.

https://www.bloomberg.com/news/arti...s-likely-as-whites-to-default-on-student-debt

oct 11 2017Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans—more than double the rate among white student debtors, according to new data from the U.S. Department of Education.

The figures are part of a comprehensive report out this month that examines students who first enrolled in college during the 2003-04 academic year and whether they defaulted on at least one federal loan over the next 12 years, or until June 2015.

Robert Kelchen, an assistant professor at Seton Hall University who researches higher education, compiled default rates by race and provided it to Bloomberg.

The differences are stark: Some 48.6 percent of black student debtors defaulted on a federal loan, compared with 10.8 percent of Asians, 20.4 percent of whites, and 34.7 percent of Hispanics. Across all races, about 27 percent of all borrowers defaulted.

 

[Text Drivers are Killers]

Reverse the numbers and this is a headliner on the TV news. As it is, they buried it.

 

[Bill]

The board is trying to bury this, why not talk to yourself in the closet & let it die a respectable death on page 14...

 

[Micawber]

White rich kids are 5000 percent more likely to have dads who stake them a million bucks, default on construction loan debt, brag about sexual harassment, go bk 5 times and still be elected potus by deplorables.

 

[liberalsAREracists]

...and a thousand times more likely to commit racist crimes and not know how to pull their pants up.

I sometimes wonder why we Republicans wasted so many lives freeing the negroes from the racist Democrats just so they could continue raping and murdering normal people as if they were still swinging from banana trees.

 

[CFM]

White rich kids are 5000 percent more likely to have dads who stake them a million bucks, default on construction loan debt, brag about sexual harassment, go bk 5 times and still be elected potus by deplorables.

And Hillary still couldn't win.

Why don't the black dads do that for their kids? Wait, the kids have to know who he is first.