Study: Student loans hamper wealth accumulation among black, Hispanic adults

Graduating college with student loan debt may compromise black and Hispanic young adults’ ability to build wealth until at least age 30, University of Illinois social work professor Min Zhan found in a new study. Photo by L. Brian Stauffer

CHAMPAIGN, Ill. — Black and Hispanic adults who graduate college owing money on student loans have significantly lower net worth at age 30 than students who don’t borrow to pay for college, a new study suggests.

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Study: Student loans hamper wealth accumulation among black, Hispanic adults
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Study: Student loans hamper wealth accumulation among black, Hispanic adults
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CHAMPAIGN, Ill. — Black and Hispanic adults who graduate college owing money on student loans have significantly lower net worth at age 30 than students who don’t borrow to pay for college, a new study suggests.