• Owning a home:64 Some of those with student loans to possess a kid’s training, 90 percent off white moms and dads very own property, than the 69 percent out of Black colored mothers and 82 percent away from Latino/a parents.
• Informative attainment:65 Over fifty percent away from Latino/a parents exactly who hold these fund have only a twelfth grade diploma or straight down level of studies. Throughout the one to-third of Black colored parents just who hold such loans just have an excellent twelfth grade degree or straight down level of education, and something-one-fourth out-of white parents just who hold such financing keeps a top school degree or down amount of degree.
• Financial obligation for their very own knowledge:66 Numerous Black colored mothers (33 percent) and you can Latino/a parents (29 %) just who keep this type of finance due to their kid’s knowledge as well as hold scholar finance and other obligations due to their individual degree, compared to white parents (13 %) exactly who hold such fund.
• Other higher-interest debt having studies:67 Certainly one of mother or father-borrowers having figuratively speaking for good child’s education, high-attract credit card debt is far more seem to some overall knowledge debt for Latino/a parents (25 percent) and you can Black colored moms and dads (17 per cent) than simply white mothers (11 percent). Read more