Conducive learning environments, economic stability, and academic access all play an invaluable role in the early developmental stages of Black youth to ensure their higher education dreams and goals. According to the Institute on Assets and Social Policy (IASP): Black borrowers are disproportionately burdened by student loan debt. A typical Black borrower will still owe 95% of their student loan 20 years after starting college, compared to 6% for a white borrower. Women hold two-thirds of loan debt with Black women holding the most. Nearly 90% of those benefiting from the student debt relief program earn less than $75,000 annually and a significant percentage never earn their four-year degree. This episode we discuss where to start to attack your student loans, the importance of thoroughly investigating repayment options and programs, and briefly touch on strategies to help the next generation.
Follow your hosts Brandi @evolution_of_be and Christian @the.christian_collins
* This is only an account of their personal experience. You must do your own research and/or seek help from a financial advisor/analyst.
