Student Loan Default Rates Are Highest For African Americans

The default rate among African American graduates is more than five times the rate of white graduates.

Bachelor's degree graduates
Total amount borrowed
Default rate
Black $55,667 20.6%
Hispanic or Latino $28,599 8.6%
White $26,005 4%
Asian $30,612 1.4%


Debt and default among bachelor's degree graduates 12 years after college entry, 2004 entry cohort.