Analysis: TN Minority, Rural Communities Face High Student-Debt Rates
Monday, February 22, 2016
NASHVILLE, Tenn. - Democratic presidential candidate Bernie Sanders is proposing free college tuition for students, but unless or until that policy is put in place, Tennesseans are struggling with student debt.
That's according to an analysis of Experian credit data released by the Washington Center for Equitable Growth. Their map shows particularly high rates of student loan debt in non-metropolitan areas where incomes are lower.
Beyond that, explains Kavya Vaghul, research analyst with the Center, minorities are disproportionately impacted.
"Middle-class minorities, the people who are taking out debt to go to college but haven't been able to find jobs post-graduation or don't have sufficient family wealth to pay it back, are the ones who are hurt most by delinquency," says Vaghul.
The analysis examined the number of student loans, deferred loans, the average balance on open loans and the average monthly payment on those loans to create the map. Nationwide, more than 42 million Americans owe a total of $1.3 trillion in student debt.
According to Edvisors a group of websites about planning and paying for college the average college student with student loan debt will owe a little more than $35,000 when they graduate. Vaghul says that's difficult to pay back for many students, particularly those with trouble finding a job.
"The minority students, the African-American and Latino students who are coming out with debt, also face some really, really strong labor-market discrimination," says Vaghul. "So when they're coming out of college, they're less likely to get jobs."
A study from the organization Young Invincibles which advocates for young people in the issues of education, jobs and health care - looked at data from the Bureau of Labor Statistics and the U.S. Census and found that African-American students need to complete two more levels of education to have the same probability of getting a job as their white peers.
get more stories like this via email
Health and Wellness
ALBANY, N.Y. -- A new survey shows most New Yorkers approve of medical aid-in-dying legislation, and advocates for end-of-life autonomy said it is …
COLUMBUS, Ohio -- Ohioans across religious traditions have come together as one voice this week to speak out against capital punishment. Dozens of …
SACRAMENTO, Calif. -- Community college students in California are being encouraged to take a closer look at their education plans, to see if …
SPRINGDALE, Ark. -- New efforts are underway to help small-scale farms in Arkansas expand their business. The Food Conservancy, a northwest Arkansas …
COLUMBUS, Ohio -- A high percentage of rejected voter registrations in three of Ohio's biggest counties is raising some red flags. According to the …
CORRECTION: The last day to request absentee ballots in Virginia is Fri., Oct. 22. An earlier version of this story incorrectly stated that Oct…
ST. PAUL, Minn. -- A special court panel is hosting public hearings this month, asking Minnesotans what new political maps should look like, and …
ARLINGTON, Texas -- Texas has some of the weakest gun laws in America, and gun-control advocates say the permissive attitude may be why a student …