(Chronicle of Higher Education) — Many students graduate with manageable debt or no education loans, but almost 17 percent of graduates in 2008 borrowed $30,500 or more to get their bachelor’s degrees, according to a new analysis.
A report released today by the College Board Advocacy & Policy Center, also said that students who borrow the most are disproportionately black, and are more likely to have attended a private nonprofit or for-profit college than a public four-year college. But debt levels did not necessarily reflect family income.
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