By Aysia Morton

(Excerpt)

According to J Geiman of the Center for Law and Social Policy (CLASP), Black borrowers are most likely to feel the long-term stress of student debt while obtaining the fewest rewards from higher education. A whopping 48 percent of Black students owe 12.5 percent more than their original loan amount after four years while their white peers owe less than their original loan amount after the same amount of time. Black borrowers also hold 186 percent more debt than their white counterparts, even 15 years after graduation, stated Geiman.

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