Only 4% of white graduates who never attended a for-profit defaulted within 12 years of entry, compared to 67% of black dropouts who ever attended a for-profit

Debt and default among black college students is at crisis levels, and even a bachelor’s degree is no guarantee of security: black BA graduates default at five times the rate of white BA graduates (21% versus 4%), and are more likely to default than white dropouts. The overall student loan default rate among Asians since 2004 is 6.2%, among whites 12.4%, among Hispanics 20.0%, and among blacks 37.5%.