The Education Zone
Virginia — As if we needed another metric to illustrate the wealth gap between African-Americans and others, a recent analysis of key outcome measures for 1,576 four-year public and private colleges in the U.S, shows that graduates of Historically Black Colleges and Universities are more likely to default on student loans.
According to an analysis of data provided by CollegeMeasures.org:
- 42 percent of the 116 colleges and universities with a default rate of 10 percent or higher are HBCUs.
- HBCUs have the highest sudent loan default rate among all public colleges in 19 states. (There are only 21 states with HBCUs.)
- Eight of the top 10 colleges and universities around the country with the highest student loan default rates are HBCUs.