“What existed IN REALITY was a disparity in incomes and assets due to liberal policies that kept blacks from moving off of the “liberal plantation”.”
Stats are unavailable for loans in general, but even when adjusted for income, blacks default on student loans at 5x the rate of whites.
Actually, I was referring to home loans, and since banks have been required to gather this data since the Community Reinvestment Act of 1977, it is available, at least on mortgages.
And I am not surprised they default at a higher rate, because banks probably have to lend to them regardless of income, and also because a smaller percentage of blacks who begin college, finish it. (I presume that is the case from what I have read over the years, but have not researched it)