Race & Economic Disparity
By the end of 2020, federal student loan debt in the United States surpassed $1.7 trillion, increasing by over 100% in the last decade. While this has become a national crisis impacting nearly 45 million borrowers, Black women are the most heavily burdened. A 2020 report by the AAUW indicates that Black women, on average, hold over $37,000 in loans each, compared to $31,346 held by white women, and $29,862 held by white men. As a whole, Black women, despite being the most institutionally educated demographic in the U.S., have a total of $35 billion in student loan debt. Furthermore, 57% of Black female college graduates indicate that they struggle to repay their student loans. While white borrowers are able to pay back an average of 10% of their total student loan debt each year, Black borrowers are only able to pay an average of 4% back, largely due to racial pay disparity.
Chatting off-topic one day with one of my favorite editors, Deborah Levine,
CHATTANOOGA, TN – The American Diversity Report announced today that founder and editor-in-chief, Deborah Levine, has received the distinguished ‘HerStory Award’ from the Women’s Federation for World Peace USA (WFWP), with chapters nationwide in all 50 states and locations in Africa, Asia, Australia, Europe, South America and the Middle East.