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1
Goran_K
2017 Oct 21, 7:58am
Goran_K
2017 Oct 21, 7:58am
They found that even when black students earn a bachelor's degree, on average they make no progress at all paying down their loans for more than a decade. Loan balances can balloon in this way because of missed payments, penalties or times when payments are suspended because of economic hardship.
But it’s racist when banks deny these same people housing loans. Liberal logic.
But it’s racist when banks deny these same people housing loans. Liberal logic.
2
anonymous
2017 Oct 21, 8:43am
The priority for gainfully employed blacks is of course a purple mercedes:
"I pacifically (specifically) wanted dis (this) car in purple."
"I pacifically (specifically) wanted dis (this) car in purple."
The typical African-American who took out student loans in 2003-2004 owed even more money, not less, after a dozen years. Nearly half of all African-American borrowers ultimately defaulted on their loans, compared with just 29 percent of all students. The defaulters included 75 percent of African-Americans who left for-profit colleges.
Those are the stark results of an analysis of new federal student loan data from the left-leaning Center for American Progress.
They found that even when black students earn a bachelor's degree, on average they make no progress at all paying down their loans for more than a decade. Loan balances can balloon in this way because of missed payments, penalties or times when payments are suspended because of economic hardship.
Ben Miller of the Center for American Progress added that the latest numbers may be even worse than the period covered by this data.
http://www.npr.org/sections/ed/2017/10/21/558825046/devos-is-sued-by-17-states-richard-spencer-and-colleges-race-and-student-loans
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