W3Schools

12 years after starting college, white men have paid off 44% of their student loans, but black women owe 12% more

The experience of repaying student loans is unpleasant for millions of graduates, but for some borrowers, paying off student debt is an almost insurmountable challenge.

Twelve years after entering college, white men have paid off 44% of their student-loan balance on average, according to an analysis released this month by Demos, a left-leaning think tank. For white women, that share drops to 28%. For black borrowers, the picture is even bleaker. Black women see their loan balances actually grow 13% on average, 12 years after leaving school, while black men see their balances grow 11%.

‘The ability to pay off your loans has everything to do with wages and the ability to gain secure employment, it has everything to do with housing affordability, it has everything to do with child-care costs.

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