The burden of student loans on young black people is a crisis that requires immediate policy action, argues a paper released Wednesday from the Institute on Assets and Social Policy at Brandeis University.

The report finds that 20 years after entering repayment, the median white student borrower has paid back 94 percent of their student debt. The median black borrower, meanwhile, still owes 95 percent of their student loans, or roughly $18,500….

Inside Higher Ed