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Marketplace Morning Report

Student loans make wealth gap worse for blacks

Amy Scott Sep 27, 2018
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Students walk through the campus of Yale University. 
Yana Paskova/Getty Images

While the pursuit of higher education should put students on a path to success, a new study finds a deep disparity along racial lines. With less resources to pay for college, black students took out 85 percent more in student loans than their white peers. Predatory private loans, for-profit colleges and slower rates of loan repayment can work against black students seeking financial advancement, worsening wealth inequalities.

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