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The National Rainbow College Fund was launched as a new scholarship program through the San Diego Foundation aimed at supporting LGBTQ+ studen…
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Miguel Cardona, Education Secretary. Credit: Joshua Roberts/Getty Images
Almost 70% of Latino student borrowers have current debt, says a report by the Education Data Initiative. The same report says that Latino borrowers were “the most likely” of any race or ethnic group to delay marriage and children because of student loan debt, and are the second-most likely (after Black Americans) to borrow high amounts from private lenders – close to 70% of Latino students who borrow from private lenders take out loans of $40,000 or more.
Latino/a/x 2022 graduates at California State University, Long Beach. Credit: Courtesy, Teresa Puente
Among undergraduate students who began in 2012 (the latest data available), 51% of Latino students borrowed to pay for their undergraduate or graduate education, according to Excelencia in Education.
The initial $10,000 of federal student loan forgiveness will allow about half of all Latino borrowers to have their entire debt forgiven, according to Excelencia.
