You might be interested in the following for information about school debt and defaulting.
http://www.huffingtonpost.com/2011/09/12/for-profit-colleges-student-loan-_n_959058.html
“Table 5 shows that high debt levels are more prevalent among black bachelor’s degree recipients than among those from other racial/ ethnic groups, and these differences are not entirely explained by differences in family income levels. Twenty-seven percent of 2007-08 black bachelor’s degree recipients borrowed $30,500 or more, compared to 16% of whites, 14% of Hispanics/Latinos, and 9% of Asians.” from
http://advocacy.collegeboard.org/sites/default/files/Trends-Who-Borrows-Most-Brief.pdf
My post was not meant to label anyone an idiot.
Sorry, I didn’t know it was your piece. As you can see, I’m a bit sensitive when it comes to what the education system is doing to blacks in this country. Given your blog, I suspect you are no different.