l****z
发帖数: 29846 | 1 这个发现算不算种族歧视? 然后, students of color妥妥的不包括亚裔了.
(Reuters) - Student loan borrowers from mostly black neighborhoods are
almost twice as likely to default on their debt as borrowers from
neighborhoods that are mostly white, according to research released
Wednesday by the Federal Reserve Bank of New York.
Borrowers from black neighborhoods also tend to carry larger debt loads, the
data showed.
Fed researchers found that people in black-majority neighborhoods were
slightly more likely to borrow for college, with 23% of residents carrying
student loans, compared to 17% of people in Hispanic-majority neighborhoods
and 14% in white-majority zip codes.
“The federal student loan program aims to ‘make college education possible
for every dedicated mind,’” the researchers wrote in a blog post
published Wednesday. “But high delinquency rates suggest that the high
borrowing rates may not be paying off immediately for all borrowers,
particularly if their income remains insufficient to maintain current status
on their debt service payments.”
Higher borrowing rates in black neighborhoods could be explained by
differences in income, with people from lower-income households being more
likely to need loans to pay for school, the researchers wrote.
Still, the differences in borrowing rates were not large enough to fully
explain the disparities in default rates and student loan balances.
Some 17.7% of borrowers in majority-black neighborhoods defaulted on their
student loans, a proportion roughly twice as high as the 9% of borrowers
from mostly white neighborhoods who defaulted on loans.
The average student loan balance in black-majority areas was more than $37,
000 at the end of September, about equal to the average income of $38,000
reported on tax returns in those areas in 2016, the most recent data
available. That suggests those borrowers may have a high debt-to-income
ratio, a measure that lenders often look at when determining credit
worthiness.
WEALTH DISPARITIES
Other studies have found that the higher rates of borrowing among African
American and Hispanic students are linked to longstanding racial disparities
in income and wealth.
Students of color often need to borrow more money to pay for college because
their families have less wealth to draw on to help cover those costs,
according to a report released in September by the Center for Responsible
Lending.
Those higher debt loads help to perpetuate the racial wealth gap. For
instance, black and Hispanic workers tend to be paid less than their white
peers. Those smaller paychecks, combined with the larger debt loads, make it
harder for students of color to buy homes or make other investments that
could help them accumulate wealth.
“How do we ever get out of this cycle?” Ashley Harrington, senior policy
counsel for the Center for Responsible Lending, told Reuters in an interview
on Wednesday. “In order to get more opportunity, you need to go to college
but you need more debt to make that happen. At the same time, incomes have
not kept up”
Students of color are also disproportionately targeted by for-profit schools
, which have lower graduation rates and are typically more expensive. That
often leaves students with larger debt loads and none of the benefits -
including a degree or higher wages - that would help them pay off those
loans, Harrington said.
The New York Fed research was released alongside the bank’s quarterly
report on U.S. household debt, which showed overall debt levels among
American households rose 0.7% in the third quarter to a record $13.95
trillion.
The central bank had previously looked at student loan outcomes according to
income and found that people with lower and higher incomes were almost
equally likely to have student loans and had similar loan balances. Lower
income borrowers, however, had higher delinquency rates.
To incorporate race, the researchers used Census data to group zip codes by
the race that was most prevalent in that area. | a*****g
发帖数: 19398 | 2 loan is rasist
rate of whites: NY Fed
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【在 l****z 的大作中提到】
: 这个发现算不算种族歧视? 然后, students of color妥妥的不包括亚裔了.
: (Reuters) - Student loan borrowers from mostly black neighborhoods are
: almost twice as likely to default on their debt as borrowers from
: neighborhoods that are mostly white, according to research released
: Wednesday by the Federal Reserve Bank of New York.
: Borrowers from black neighborhoods also tend to carry larger debt loads, the
: data showed.
: Fed researchers found that people in black-majority neighborhoods were
: slightly more likely to borrow for college, with 23% of residents carrying
: student loans, compared to 17% of people in Hispanic-majority neighborhoods
| a**e
发帖数: 8800 | 3 所以才要免掉啊
the
neighborhoods
【在 l****z 的大作中提到】
: 这个发现算不算种族歧视? 然后, students of color妥妥的不包括亚裔了.
: (Reuters) - Student loan borrowers from mostly black neighborhoods are
: almost twice as likely to default on their debt as borrowers from
: neighborhoods that are mostly white, according to research released
: Wednesday by the Federal Reserve Bank of New York.
: Borrowers from black neighborhoods also tend to carry larger debt loads, the
: data showed.
: Fed researchers found that people in black-majority neighborhoods were
: slightly more likely to borrow for college, with 23% of residents carrying
: student loans, compared to 17% of people in Hispanic-majority neighborhoods
| V*****2
发帖数: 7930 | 4 不能按肤色来分破产率。得按照父母的收入来统计破产率，因为关键的时候，父母还是
会多少给点帮助。 | V*****2
发帖数: 7930 | 5 富裕的白人，子女的破产率当然会比大多数没啥存款的老黑子女低很多。 |
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