Universities seem to be that one stop shop for the needs of young adults transitioning to the working class. Whether the student is seeking independence, higher salary, or simply a welcoming environment, colleges do all they can to seek the ladder for their students. In our current state of events, colleges are trying to solve a problem that has plagued students in the past. Diversity, more specifically, an openness to diversity on college campuses. Unfortunately, the marketing of college diversity is making the situation worse, not only with minority students, but for the college debt crisis as well. A noticable trend is that colleges are marketing to previously unqualified minorities. But colleges are not adjusting the system for the flood
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Websites such as Forbes and Huffington Post mention how college is expensive for any normal American, except for the very wealthy and the forward thinking. Minorities are more likely to have a difficult time paying for college, and there are many reasons. The first is loans, Demos.com is a websie that focuses on economic issues in the everyday lives of American Citizens. Demos how minorities, on average, pay more per loan than the majority. Demos’s article titled “Ending-The-Debt-For-Diploma System” explains how the average black student requires 79.7 percent of their college to be paid off by loans to afford the four years, that statistic is next to hispanics’ 66.8 percent and whites’ 64.6 percent. The article mentions how the average cost of college tuition is 16,000 dollars. According to Demos’s statistics, the average black student needs 51,008 dollars worth of loans, next to hispanics’ 42,752 and whites’ 41,344 in order to afford the cost of college. The article concludes by saying, “A comprehensive solution to the student debt crisis is needed(Demos).” Regardless of race, the situation with our debt is only going to be increasing, but the evidence is showing that minorities are dealing with a bigger burden for the same education. When referring back to the FiveThirtyEight statistics, having black students only 40 percent likely to graduate, means that black students are more likely to pay off their college loans in a job that does not pay as well as an entry-level college career job. Even if blacks were just as likely to graduate, the debt crisis would still be a huge issue, due to the wage inequalities between whites and blacks. According to Casselman’s article “Race Gap Narrows in college enrollment, But not in Graduation”, he is quoted saying “Even a college degree doesn’t fully close the racial gap. College-educated blacks are more likely to be unemployed than
Websites such as Forbes and Huffington Post mention how college is expensive for any normal American, except for the very wealthy and the forward thinking. Minorities are more likely to have a difficult time paying for college, and there are many reasons. The first is loans, Demos.com is a websie that focuses on economic issues in the everyday lives of American Citizens. Demos how minorities, on average, pay more per loan than the majority. Demos’s article titled “Ending-The-Debt-For-Diploma System” explains how the average black student requires 79.7 percent of their college to be paid off by loans to afford the four years, that statistic is next to hispanics’ 66.8 percent and whites’ 64.6 percent. The article mentions how the average cost of college tuition is 16,000 dollars. According to Demos’s statistics, the average black student needs 51,008 dollars worth of loans, next to hispanics’ 42,752 and whites’ 41,344 in order to afford the cost of college. The article concludes by saying, “A comprehensive solution to the student debt crisis is needed(Demos).” Regardless of race, the situation with our debt is only going to be increasing, but the evidence is showing that minorities are dealing with a bigger burden for the same education. When referring back to the FiveThirtyEight statistics, having black students only 40 percent likely to graduate, means that black students are more likely to pay off their college loans in a job that does not pay as well as an entry-level college career job. Even if blacks were just as likely to graduate, the debt crisis would still be a huge issue, due to the wage inequalities between whites and blacks. According to Casselman’s article “Race Gap Narrows in college enrollment, But not in Graduation”, he is quoted saying “Even a college degree doesn’t fully close the racial gap. College-educated blacks are more likely to be unemployed than