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Racial Differences in Student Debt

Description: This quiz is designed to assess your knowledge about racial differences in student debt.
Number of Questions: 10
Created by:
Tags: economics racial economics student debt
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Which racial group in the United States has the highest average student debt?

  1. White

  2. Black

  3. Hispanic

  4. Asian


Correct Option: B
Explanation:

According to the National Center for Education Statistics, Black students have the highest average student debt of any racial group in the United States.

What is the average student debt for Black students in the United States?

  1. $25,000

  2. $35,000

  3. $45,000

  4. $55,000


Correct Option: B
Explanation:

The average student debt for Black students in the United States is $35,000.

What is the average student debt for White students in the United States?

  1. $20,000

  2. $25,000

  3. $30,000

  4. $35,000


Correct Option: B
Explanation:

The average student debt for White students in the United States is $25,000.

What is the average student debt for Hispanic students in the United States?

  1. $27,000

  2. $32,000

  3. $37,000

  4. $42,000


Correct Option: B
Explanation:

The average student debt for Hispanic students in the United States is $32,000.

What is the average student debt for Asian students in the United States?

  1. $23,000

  2. $28,000

  3. $33,000

  4. $38,000


Correct Option: B
Explanation:

The average student debt for Asian students in the United States is $28,000.

What is the racial wealth gap in student debt?

  1. $10,000

  2. $15,000

  3. $20,000

  4. $25,000


Correct Option: C
Explanation:

The racial wealth gap in student debt is $20,000, meaning that Black students have an average of $20,000 more student debt than White students.

What are some of the factors that contribute to the racial wealth gap in student debt?

  1. Discrimination in lending

  2. Differences in family wealth

  3. Differences in educational opportunities

  4. All of the above


Correct Option: D
Explanation:

All of the above factors contribute to the racial wealth gap in student debt.

What are some of the consequences of the racial wealth gap in student debt?

  1. Increased financial stress

  2. Lower homeownership rates

  3. Less wealth accumulation

  4. All of the above


Correct Option: D
Explanation:

All of the above consequences are associated with the racial wealth gap in student debt.

What are some of the policy solutions that have been proposed to address the racial wealth gap in student debt?

  1. Student loan forgiveness

  2. Free college tuition

  3. Increased Pell Grants

  4. All of the above


Correct Option: D
Explanation:

All of the above policy solutions have been proposed to address the racial wealth gap in student debt.

What is the most effective policy solution to address the racial wealth gap in student debt?

  1. Student loan forgiveness

  2. Free college tuition

  3. Increased Pell Grants

  4. There is no one-size-fits-all solution


Correct Option: D
Explanation:

There is no one-size-fits-all solution to address the racial wealth gap in student debt. The most effective policy solution will depend on the specific circumstances of each individual.

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