A new report by the Student Borrower Protection Center found that where borrowers live affects how they repay their student loans.
A disproportionate number of American student loan borrowers live in minority neighborhoods, according to new research, highlighting how “America’s student debt crisis is a civil rights crisis.”
The data “highlights how student debt is increasingly a racial and economic justice issue,” SBPC stated in an email to Yahoo Finance. That matches existing data: While median debt balances in some of the whitest neighborhoods in D.C. decreased by 30% over the last decade, debt balances in several majority-Black neighborhoods such as Brookland and Deanwood grew by as much as 217%.
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