20 years after the first year of college, the typical white student has paid down 94% of their borrowed amount.👍🏻
20 years after the first year of college, the typical Black student still owes 95% of their initial borrowed amount.😮
So US college education and loans *increase* the racial wealth gap, not reduce it🙂🙃
https://dfpi.ca.gov/2023/02/13/student-loan-debt-a-disproportionate-burden-on-black-and-latino-borrowers/
Which is the real reason that some US folk are so against student loan forgiveness: much of that *$2 trillion* in debt, is held by educated Black women.
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