Student Debt

Photo of a ball and chain with "student loans" written on it
thisisbossi / Flickr

A breakdown of education statistics shows racial disparities in student loan debt.

The left-leaning North Carolina Justice Center compiled the report from federal education data, as well as studies from the Brookings Institution and Urban Institute. 

It says black students are more likely to have student debt, and more likely to have higher balances when they graduate. 

NC Justice Center policy advocate Marion Johnson says financial support for assistance like need-based scholarships is not keeping up with demand.

Photo of a ball and chain with "student loans" written on it
thisisbossi / Flickr

Forty-two million people in the United States owe $1.3 trillion in student debt, according to a recent report from Reveal radio program in conjunction with the Center for Investigative Reporting.

In 2014 in North Carolina, 61 percent of students graduating from public and private four-year institutions graduated with loans amounting to an average of $25,000 per individual, according to The Project on Student Debt. The privatization of Sallie Mae and the continued disinvestment in public higher education at the state level contribute to the problem.