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Black students have 68.2 percent more student loan debt than white students when they graduate from college, according to a recent study by researchers at Dartmouth College.
The study, published in the journal Race and Social Problems, found that black students are more likely to attend pricey, for-profit institutions, and they’re not as protected by their parents’ wealth.
The average net worth of white parents is $174,841, which is nearly four times higher than the $48,494 average net worth of black parents.
But studies suggest that forgiving that debt—plans for which have been proposed by Democratic presidential candidates—may benefit white households more than it would black households and further contribute to the racial wealth gap.