re: The south has the highest rates of student loan delinquency

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we had a post on this topic earlier..... SEC vs SWAC, SWAC on average had 3x the delinquency rates

Previous post

SWAC had between 9.0% and 26.6% Delinquency rates for their 11 schools. with a school % average of 19.2%

SEC Schools ranged from 1% to 8.5% (thanks Mississippi schools) with an school % average of 3.9%

So SWAC is about 5x higher with delinquencies vs SEC. Things are much worse when you look at For-profit schools......

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Do you remember the Xavier opics from over a decade ago where Afreaux quoted states from Xavier of Ohio by mistake. it was a classic. Too bad it is gone.

Here's an interesting breakdown from 2000s to 2017:

Public 4 Year University = 17.4%
Private Non-Profit 4 Year University = 17.6%
Public 2 Year = 25.8%
For Profit Colleges = 52.5%

Talk about straight up robbery.

https://www.bestcolleges.com/research/student-loan-default-rate-facts-statistics/

Cool meme

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have about 20 more years of payments.

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How much debt did you take on? Are you at least a doctor or lawyer? Was it worth it (salary you make now vs amount of debt)?

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I was intimately involved in both processing PPP and filing ERC credits, I can assure you there was no oversight and everyone was taking them, whether they needed them or not. I don’t blame them, why not take free money, but you’re either full of shite or an idiot if you think either program wasn’t absolutely abused

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I see your reading comprehension was about as good as the PPP loan oversight. I did not say it wasn't abused. What I did say was that for every abuser, there were many more businesses that were kept afloat, and this happened because of a government shutdown that went on far too long and was enforced in many parts of the country too aggressively against small business.

When I was in college, I had several peers who had full TOPS and took out the maximum offered student loans just to pay for like.. apartment, food, living, etc. And they used all of it since it was there, versus being frugal to ideally have some leftover for repayment.

Nights out, takeout every meal, etc.

Several friends with living expense student loans were the ones running their Tiger Card at the dining hall for the rest of us for days at the end of semester just because they had so many dining hall swipes left due to never using it.

A few have told me how much they regret this now that they realize the repercussions of having done that :/ Things like this are why I'm grateful I had very financially knowledgeable parents who forbade me from getting loans.

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How is La. on that list when they have TOPS?

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lol, like TOPS negates student loans.

Hint: It should, but people are stupid with money.

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Our findings reflect how the impact of systemic racism—including chronic underfunding of HBCUs—diminishes the value of a college degree for Black students, and subsequently, the potential for students to improve their economic mobility.”

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From the article…. Never are people responsible for their own actions…. It is always “racism”….. all so tiring.

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Now, break it down by ethnicity.

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The worst 7 states:

1. Mississippi 44% (55% White, 36% Black)
2. West Virginia 34.4% (90% White, 3% Black)
3. Alabama 34.3%. (63% White, 26% Black)
4. Kentucky 34.3%. (81% White, 8% Black)
5. Oklahoma 34.2% (60% White, 7% Black)
6. Arkansas 34.2% (63% White, 14% Black
7. Louisiana 32% (56% White, 31% Black

Not sure I’m seeing the racial connection quite as clearly as the widespread poverty and poorer state public education one.

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Our findings reflect how the impact of systemic racism—including chronic underfunding of HBCUs

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Ironically it was Obama that chose not to renew the $85 million funding program for HBCUs established by President Bush.

But HBCU's students get lots of grants. Bluefield State University in West Virginia is a HBCU, that has a majority white enrollment. The school has football team, basketball team, band, and then the rest of the student body is white. In 2013 white enrollment exceeded 90%, enrollment is 1300-1500 students. West Virginia is a poor white state and those student are attending on HBCU income grants.