Within six zip codes in Greenville, SC (29601, 29607, 29615, 29609, 29605, 29611), African Americans and Latinos face a sobering student loan delinquency rate. These results come from Mapping Student Debt: How Borrowing For College Affects the Nation. My goal is to make this national research relevant for us in Greenville, SC.
Why is delinquency rate important? For more African Americans and Latinos to gain solid financial footing, fewer need to suffer the financial consequences that follow missing nine months or more of payments. When payments are missed, the borrower’s credit rating is impacted and their ability to borrow money for a house or car declines. They have less access to capital to start a business. Student debt contributes to income inequality. Higher delinquency rates impact low-income zip codes.
29601
29607
29615
29609
29605
29611
The City of Greenville is very successful at economic development. Click here for a comprehensive list of resources that impact living and working in the six zip codes listed above and throughout Greenville County, SC.