African Americans Take On More Debt for Grad School -- but the Payoff Is Also Bigger
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African Americans take on over 50% more debt than white students when seeking graduate and professional degrees, according to a study released in January 2020 in the journal Sociology of Education. Researchers found that, on the upside, African Americans see a bigger payoff to earning such degrees, getting bigger pay increases than their white peers. However, the payoff may not make up for the additional debt burden. In fact, taking on large amounts of debt may perpetuate racial inequalities across generations.
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Company Intel
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