Black and Hispanic students who earn Ph.D.'s in science, technology, engineering, or mathematics—the STEM disciplines—are more likely to go into debt than their white and Asian counterparts, says a report released on Monday by the American Institutes for Research.
The disparity is largest for blacks, who are twice as likely to owe more than $30,000 at graduation. Students from traditionally underrepresented groups may be disproportionately affected by rising tuition costs for graduate degrees, as well as financial-aid policies and practices at both the undergraduate and graduate levels, the study finds.
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