Amidst the general public concern over rising levels of student loan debt, racial disparities have attracted increasing attention. Students of color are more likely to borrow, borrow more, and are more likely to default conditional on borrowing. Student loan delinquencies are also geographically concentrated in Black and Latino communities. These patterns are not fully explained by differences in parental income and wealth, indicating that postsecondary and labor market experiences also contribute to racial disparities in debt outcomes.
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