Minorities more likely to fall behind on student loans
Video Credit: KTNV Channel 13 Las Vegas - Duration: 00:24s - Published
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Minorities more likely to fall behind on student loans
There are severe racial disparities showing up for student loan borrowers.
A new analysis shows those in majority black and Latin neighborhoods are five times more likely to fall behind on their loans than those in white neighborhoods.
BORROWERS.THIS IS ACCORDING TO A NEWANALYSIS FROM THE NON-PROFIT"STUDENT BORROWER PROTECTIONCENTER."IT SAYS - THOSE IN MAJORITYBLACK AND LATIN NEIGHBORHOODSARE UP TO FIVE TIMES MORELIKELY TO FALL BEHIND ON THEIRLOANS - THAN BORROWERS IN MOREWHITE AREAS.THE STUDY LOOKED AT DATA FROMD-C, PHILADELPHIA, SANFRANCISCO, AND NEW YORK CITY.TODAY THE TRANSPORATIONDEPARTMENT IS EXPECTED