The Presidential Daily Brief

intriguing

  1. Black Americans Struggle More to Repay Student Loans

    Students from Black-majority areas are more likely to take out loans for higher education — and almost twice as likely to default on them — than their counterparts in White-majority zip codes, according to a report by the New York Federal Reserve. The debt-to-income ratio in those areas is also staggering, researchers said, noting an average loan balance of more than $37,000 compared to an average annual income of $38,000.

    Why the troubling trend? Experts say it's a reflection of the broader economic and racial disparities that continue to plague minority communities.

    Read OZY's feature about the hidden race gap in the classroom.

This story is part of The Presidential Daily Brief

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