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Student Debt May Be Contributing to Racial Inequality

Black college grads owe more on their student loans while being paid less than their white counterparts.
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Photographer: Getty Images

The pursuit of higher education may be exacerbating gaps in financial well-being between blacks and whites, rather than narrowing them.

Black Americans who recently graduated college owe close to twice as much on their student loans as whites, a racial gap that has climbed nearly 14-fold over the past 15 years.