When the Biden administration turns the $1.7 trillion student loan system back on, Latino borrowers will face extra difficulties from economic inequities.
When the Biden administration turns the $1.7 trillion student loan system back on, Latino borrowers will face extra difficulties stemming from economic inequities.
"Latinos are likely to delay important financial decisions, like purchasing a home, because of their student loans, which ultimately keeps them in a cycle of debt," saidAfter she got her undergraduate degree in Mexico, Cortes was urged by her mother to pursue a master's in the U.S., but she could only finance it on debt.White non-Hispanic families in the U.S.
Latinos also tend to take longer to graduate college, often because they're balancing school with work, experts said. Financial stress and caregiving burdens lead to half of Hispanic students saying it is "very difficult" or "difficult" for them to remain in their post-secondary education program, a recent Gallup
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