A couple of federal programs created more than 10 years ago to simply help struggling education loan borrowers seems to not have made a substantial dent within the standard prices of 1 specially susceptible team: black colored borrowers.
An analysis of federal information released by the Center for United states Progress Monday suggests that African People in the us who entered university last year and took down federal figuratively speaking defaulted on those loans at sharply greater prices than did their peers of other events. Continue reading “Analysis of federal data reveals that African Americans continue steadily to struggle a lot more than other borrowers with repaying figuratively speaking — despite hefty utilization of income-driven payment programs.”