What race owes the most student loans?
Asked by: Jeanie Flatley | Last update: November 16, 2025Score: 4.3/5 (46 votes)
Black adults are more than twice as likely than white adults to have
Which race/ethnicity has the highest student loan debt?
Black students take out the most student loan debt for a bachelor's degree, followed by white students. Black bachelor's degree holders have an average of $52,000 in student debt. Eighty-six percent of Black students take out student loans to pay for college, compared to 68 percent of white students.
Which group is the most behind on repayment of their student loans?
Overview. Black and Hispanic or Latino student loan borrowers are more likely to have difficulty repaying their loans than their White peers, according to a significant body of research.
What demographic has the most student loan debt?
Student Loan Debt by Race or Ethnicity
Four years after graduation, Black or African American student borrowers owe $25,000 more than white or Caucasian borrowers owe for bachelor's degrees. On average, Black or African American student borrowers owe $3,800 more than white or Caucasian borrowers.
What ethnicity has the most debt?
Approximately three-quarters of Black- and White-headed families have debt, but the median debt-to-asset ratio is 50% higher among Black than White families (Copeland, 2020), with Black borrowers less likely to fully repay loans (Brevoort et al., 2021).
Women owe most student loan debt in the U.S.
Who owes the most student loan debt?
Black women owe a disproportionate amount of student debt. They hold 43% more undergraduate debt and nearly 99% more graduate school debt than their white woman counterparts 12 months after graduation, according to an April 2022 study by the nonprofit organization The Education Trust.
What race receives the most financial aid?
Asian students received a higher average annual amount of grant aid ($13,840) than did students who were of Two or more races ($11,940), White ($11,420), Black ($11,390), Hispanic ($11,090), American Indian/Alaska Native ($10,750), and Pacific Islander ($10,280).
Which generation has the most student loan debt?
In 2024, the generation Z in the United States had an average of roughly 22,950 U.S. dollars in student loan debt. By contrast, Generation X had the highest student loan debt, amounting to approximately 44,240 U.S. dollars.
Which demographic group is most likely to have the highest student debt?
Black families borrow student loans at higher rates than other races — and they owe more. 30.2% of Black families hold student loan debt, versus 20.0% of white and 14.3% of Hispanic families.
Who has the most trouble paying off student loans?
Black college students generally take on more debt than white students, and they are more likely to struggle with loan repayment after graduating, in part because they typically have lower levels of family wealth.
What is the racial disparity in student loan debt?
Over half (56 percent) of the students who attend public two- and four-year institutions in California come from families that earn under $40,000 annually. Subsequently, 90 percent of Black and 72 percent of Latino students take out student loans, compared to 66 percent of white borrowers.
Is cancelling student debt good for the economy?
Student loan debt slows new business growth and limits consumer spending. Broad student loan debt forgiveness may help boost the national economy by making it more affordable for borrowers to participate in it.
What is the average student loan debt after 4 years?
The average debt for a 4-year Bachelor's degree is $35,530. The average 4-year Bachelor's degree debt from a public college is $31,960. 61% of students who completed a Bachelor's degree have received student loans. The average 4-year Bachelor's degree debt from a private for-profit college is $47,730.
Who has the highest student debt in the world?
The #1 most expensive place to go to college in the world
Student debt is making headlines in the UK as student debt balloons. However, their repayment structure looks quite different from the US's. University graduates begin loan repayment once they earn over the income threshold amount for their repayment plan.
What race benefits from student loan forgiveness?
It's estimated Black and Hispanic women are expected to experience some of the largest reductions in the percentage with any student loans from the $10,000 relief plan: 5.4 and 4.7 percentage points, respectively. White men are expected to experience among the smallest reductions (2.4 percentage points).
What race takes out the most student loans?
Black adults are more than twice as likely than white adults to have student loan debt. The following graph includes federal and private student loan debt among all adults. On average, Black adults in the U.S. also hold higher student loan debt balances than borrowers of other races.
Who owes the majority of student debt?
Student debt by age
Perhaps unsurprisingly, most people with student debt — about two-thirds of them — are between the ages of 25 and 50. This group also owes the most, federal statistics show. That said, the fastest growing group of borrowers in the past several years has actually been older adults.
What gender has the most debt?
Women are stereotypically seen as irresponsible spenders, but the data doesn't back this up. According to a 2019 Experian study, men carry more debt than women across nearly all categories, including credit card debt — the study found that men have $125 more in credit card debt than women on average.
What generation has the worst debt?
The Gen X debt situation
The cohort also has the largest share of people with debt, nearly 99% carry some type of balance, LendingTree found. Gen Xers led the way in three of the four categories analyzed. The group — between 44 and 59 years old — has the highest median credit card, auto loan and student loan balances.
Which generation has the most education?
According to our research, millennials are the most educated generation in American history. Approximately 38 percent of millennials have a bachelor's degree or higher, compared with 32 percent of Generation X and 15 percent of baby boomers when they were the same age.
Which gender has the most student loan debt?
The American Association of University Women (AAUW) estimates that women hold nearly 67% of all U.S. student loan debt, or approximately $929 billion.
What race donates the most money?
- Black Americans Give the Largest Percentage of Their Wealth to Charity. ...
- More White American Households Are Expected to Benefit From the Great Wealth Transfer. ...
- Trust Among Most Racial Groups Has Been Slowly Declining.
What race gets accepted into college the most?
In 2018, the college enrollment rate was higher for 18- to 24-year-olds who were Asian (59 percent) than for 18- to 24-year- olds who were White (42 percent), Black (37 percent), and Hispanic (36 percent). The overall college enrollment rate has increased since 2000.
What race has the most wealth?
Total household wealth grew in 2022, but white households still hold the vast majority. Since 2010, the wealth disparity between Black and white families has persistently expanded.