The article is too biased. Not true. Education experts have found that the college debt was meant to cripple the graduates in the long-term and that all graduates across the country are suffering because of that; they have suggested that students not attend those high-cost Ivy League universities just for the name or reputation. That to reduce debts and also to increase faculty contacts better.
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The study also explored the racial demographic of debtors. The rate of whites and Native Americans filing for bankruptcy was little changed over five years.
Paying the bills with 'blood money'
But the percentage of Asian- Americans who filed for bankruptcy more than doubled, from 2.1% in 2006 to 4.5% in 2010. The percentage of Hispanics filing for bankruptcy also increased, to 8.7% from 6.5%.
African-Americans were the only ethnic group to show a significant decline in bankruptcy filings, to 11.3% from 15.4%.
Topic: More college grads file for bankruptcy (Read 262 times)