Untitled design (32).png

A Deeper Dive into the Student Debt Crisis

The statistics behind why we chose to tackle a $1.7T behemoth.

 
31_edited.jpg

Estimated Student Debt Held by Black Women

Though numbers on student loan debt held by all women in the U.S. have been well-researched, those for Black women specifically have been harder to trace, so this figure was calculated based on enrollment data for Black female U.S. college students/graduates.

%2435B_edited.jpg

Average debt burden for Black female borrowers

Of all demographics, Black women are the most degreed (institutionally educated), which means they're racking up more school debt than that of their peers, ironically as a means for achieving upward mobility by aiming to increase earning potential.

33_edited.jpg

% of Income Consumed by Student Loans

Thanks to staggering pay disparities, ballooning interest rates & statistically lower likelihood of coming from familial wealth, Black women shoulder an unparalleled student debt burden—leaving them with this abysmally high average debt-to-income ratio.

 
Classmates in the Library

Check out some of our Favorite Resources on the Crisis

How Student Debt Became a $1.6 Trillion Crisis

9 startling facts that show just how hard the student-debt crisis is hurting Black Americans

Why Women Owe Two-Thirds of America's Student Debt

How Student Debt and the Racial Wealth Gap Reinforce Each Other