Students with disabilities
Students with disabilities face significant obstacles in the American education system. They are less likely to complete high school, enroll in college, and complete a credential when they do enroll. These results are due in part to the presence of various obstacles that inhibit disabled students’ ability to learn-such as barriers to accessing facilities, receiving accommodations, and interacting with faculty.
When it comes to loan repayment, students with disabilities have a default rate that is 6 percentage points higher than that of students without disabilities. Depending on the students’ disability, however, there is significant variation in default rates within this group. For example, students with mental health conditions fare the worst, with more than 60 percent defaulting within 12 years of entering repayment. Those with mobility, visual, and other impairments also face higher default rates than students without disabilities.
Even if they finish a credential, students with disabilities may encounter repayment difficulties due to lower wages and high unemployment rates. On average, disabled people who hold bachelor’s degrees earn $12,700 less a year than other bachelor’s degree-holders. This gap widens to $20,800 when comparing individuals with graduate degrees. People with disabilities also struggle to find a job; the unemployment rate for individuals with disabilities was 9.2 percent in 2017-more than twice the rate of those without disabilities.
Underrepresented minorities
Students from underrepresented racial and ethnic minority groups have higher overall default rates than white and Asian students. For example, recent research has demonstrated that African American borrowers face exceedingly poor repayment outcomes, even if they earn bachelor’s degrees.
Students who identify as American Indian or Alaska Native particularly struggle with loan repayment, with 2 https://www.getbadcreditloan.com/payday-loans-ma/braintree/ in 5 defaulting on their loans. Læs videre “Federal student loan default can have devastating effects on students”