By design, economists’ reports are rather staid, which makes it all the more noticeable that in their 2016 report Black-White Disparity in Student Loan Debt more than Triples after Graduation, written for the New York-based Brookings Institution (BI), Professor Judith Scott-Clayton and Jing Li characterised the US$25,000 loan debt gap between whites and blacks in the United States a few years after graduation as “whopping”. At graduation, black students owed US$7,400 more than did their white peers (US$23,400 vs US$16,000). Last June, a paper prepared for BI by Andre M Perry, Marshall Steinbaum and Carl Romer showed that in 2019, 75% of blacks who took out student loans to finance higher education owed more than they had borrowed as compared with 48% of whites.
https://www.universityworldnews.com/post.php?story=20211015145615217
