Student loan debt is at an all-time high — and it’s hitting African-American students the hardest.

According to a study by the Brookings Institution, there are racial debt disparities in low-to-moderate income students. Black students leave college with an average debt of $27,000, while White students incur an average of $20,000.

Student load debt facts:

  • Black students are borrowing at a higher rate than their White counterparts.
  • 81 percent of Black students borrow money for higher education compared to only 63 percent of White students.


Student Loan Expert Heather Jarvis joined guest host Dr. Wilmer Leon, Go Here to discuss the racial disparities in student loan debt and how we can avoid being buried in it.

Jarvis cites the rising cost of tuition and stagnant wages/income as one of the main culprits leading to the racial disparities in student loan debt. She added policies around financial aid have “shifted us to a debt based system of access.” Well, her comment is here:

“Instead of having grant funding sufficient to meet the needs of Black and low-income families, we have placed the burden squarely on students and their families to borrow the money needed to pay for higher costs,” said Jarvis.

According to Jarvis, states have “reduced their investment in higher education,” and the funds provided to students by Pell Grants don’t go as far as they used to.

“We have purposely created a system where everyone can access college, but only if you are willing to take on debt and that has a disproportionate impact on low-income families,” she said.

Dr. Leon asked Ms. Jarvis how Black and minority families can avoid the sting of college debt. Jarvis said the first thing families can do is to begin to build wealth. In many instances, this is easier said than done.

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The MinorityEye
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