Racial and Ethnic Differences in Student Loan Borrowing

A growing number of people are concerned about how student debt affects borrowers’ lives, but there is insufficient focus on how student debt affects different groups of borrowers.

Black students, for example, borrow for college at higher rates than their peers and struggle more than others with repayment. Asian and Hispanic students generally borrow less than others in similar programs.

For counselors working with high school students or adults returning to college, information on racial and ethnic disparities in student loan borrowing is particularly important. The fact sheets and in-depth appendixes below highlight racial and ethnic differences in student loan borrowing and repayment. This project aims to help counselors and other practitioners better understand how borrowing for college affects students from different demographic groups, those who enroll in different programs at different types of institutions, and those who complete their programs instead of leaving without a credential.

This project was funded by the Annie E. Casey Foundation. We thank them for their support but acknowledge that the findings and conclusions presented in these fact sheets and appendixes are those of the authors alone and do not necessarily reflect the opinions of the Foundation.

Fact Sheets

Technical Appendixes

These companions to the fact sheet provides detailed information, data, and guidance for readers.