Drop Out or Drown in Debt? Many Black Students in Wisconsin Face Stark Choices in Paying for College

Cutting or eliminating student loan debt would "change everything," says one Black University of Wisconsin-Milwaukee alum struggling with a six-figure debt.

Wisconsin Watch

May 17, 2021

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Clint Myrick

Clint Myrick is seen at his home in Milwaukee on May 10, 2021. Myrick graduated from the University of Wisconsin-Milwaukee in 2010 with a student loan debt that has since ballooned to over $150,000. Myrick said he understands why so many students take out loans without necessarily knowing how to pay them back. "They sell you on the dream. 'Just take out the loans, and you'll get a job where you'll be able to pay that stuff back!' You really believe it," Myrick says. (Coburn Dukehart / Wisconsin Watch)

Logo of Wisconsin Watch: The Wisconsin Center for Investigative Journalism

By Alyssa Huglen, Wisconsin Watch


When Clint Myrick graduated from the University of Wisconsin-Milwaukee in 2010, he left with two consequential pieces of paper: a diploma for a bachelor’s degree in music education — and an eye-popping student loan bill.

The Milwaukee native was one of the first in his family to attend college, and Myrick said he entered with little knowledge of how to pay for it.

“I was totally unprepared,” Myrick said. “I didn’t know how much it cost … I kind of had to figure out everything on my own.”

Myrick held a number of jobs during college to help pay the bills, from working at a flower shop to running a cash register at the UW-Milwaukee student union. He earned about $6 an hour, and student loans allowed him to pay for school.

Over a decade later, Myrick’s student loan debt has only ballooned, even after years of payments. Interest has pushed the debt to $152,039, the highest it has ever been. The husband and father of three works multiple jobs to service the debt. He spends an extra 20 to 30 hours a week as an Uber driver outside of his full-time job for a bank and duties as president for the Milwaukee chapter of the Black fraternity he belonged to in college, Alpha Phi Alpha.

Myrick is not alone in this struggle. In Wisconsin, about 710,000 people owe an estimated $24.4 billion in federal student loan debt, with the median debt at $17,323, according to Gov. Tony Evers’ 2020 task force on student loan debt. Nationally, the toll of crippling levels of student debt on tens of millions of Americans has prompted some calls for wide-ranging loan forgiveness.

That burden weighs on students unevenly. According to, Black and African-American college graduates owe around $25,000 more in student loan debt on average than their white counterparts. The same report also found that four years after graduation, 48% of Black students owe around 12.5% more than they originally borrowed.

Such disparities are particularly stark in the Milwaukee area, according to a 2019 Federal Reserve Bank of New York report. In majority-minority ZIP codes in Milwaukee, Waukesha and West Allis, 23% of the population has student loan debt, compared to 19% of majority white ZIP codes. The real difference comes in the proportion of those loans that are in default. In ZIP codes where most residents are people of color, 21% of the loans are in default, compared to just 6% in majority-white areas.

Evers’ task force recommended Wisconsin take several steps to ease the student debt burden, including expanding financial literacy education for K-12 students; increasing need-based financial aid; loan forgiveness for graduates entering certain professions; state tax credits; and a mechanism to refinance student debt to lower interest rates.

It concluded that “finding solutions to tackle racial and ethnic inequity in student debt is a critical aspect of finding solutions for Wisconsin’s student loan borrowers.”

Disparities deep in Milwaukee

A variety of studies have named Milwaukee the nation’s most racially segregated metropolitan area, home to structural inequality that makes it tougher for Black residents to bolster their standard of living compared to white residents.

A 2020 UW-Milwaukee Center for Economic Development report compared Milwaukee’s Black community to those in the country’s 50 largest metropolitan cities, finding Milwaukee’s Black residents fared among the bottom three nationally in income and economic mobility.

Myrick said these statistics show how racism inhibits the overall well-being of Black folks.

“The base of it is racism. Racism is the driving force in the disparities between Black and white people,” Myrick said. “We’re not receiving the same education, the same resources or the same facilities.”

During a March online debate for Intelligence Squared U.S. on student loan forgiveness, Ashley Harrington of the Center for Responsible Lending said many Black students are severely burdened by this loan debt. The nonprofit works to protect homeownership and family wealth by opposing abusive financial practices.

“(Student debt) is disproportionately weighing on borrowers of color, Black borrowers in particular, who are more likely to borrow, to borrow more and to struggle in repayment,” said Harrington, federal advocacy director for the group. “That is the direct result of centuries of racially exclusionary policies and practices that continue to this day.”

Clint Myrick

Clint Myrick is seen during his time as a college student at the University of Wisconsin-Milwaukee. He says student loan debt he accumulated while attending college has continued to have a ripple effect across his adult life — making it harder to finance a car, purchase real estate and requiring him to have multiple jobs. (Courtesy of Clint Myrick, via Wisconsin Watch)

At Myrick’s alma mater, UW-Milwaukee, many students are racking up crippling debt to lenders.

The 2020 edition of the Integrated Postsecondary Education Data System (IPEDS) found the percentage of UW-Milwaukee students taking out student loans in the 2018-19 school year was 7 percentage points higher than the median of a comparison group of similar institutions. UW-Milwaukee students in the same year also took out an average of $7,499 in student loans — roughly $1,000 more than the median amount.

Myrick said he understands why so many students take out loans without necessarily knowing how to pay them back.

“They sell you on the dream. ‘Just take out the loans, and you’ll get a job where you’ll be able to pay that stuff back!’ You really believe it,” Myrick said.

More debt, more defaults

Loan debt at UW-Milwaukee disproportionately affects Black students in other ways too.

Nationwide, 45.9% of Black students graduate with a bachelor’s degree within six years, according to But at UW-Milwaukee, only 25% of Black and African-American students at UW-Milwaukee achieve this, according to the National Center of Education Statistics. That is roughly half of the graduation rate for white UW-Milwaukee students.

That disparity stems at least in part from students having to drop out of school for financial reasons, said Victoria Pryor, UW-Milwaukee’s Black Student Cultural Center student services program manager. Pryor said many Black students face a troubling dilemma: Take out more student loans or leave school.

“I’ve seen several students who have had to drop out because they might not have had that last little bit of money for tuition or they might have fallen on hard times,” Pryor said. “They may get their degree but still have $40,000 to $50,000 in student loans to repay. That’s the worst thing — to have that much money to pay back, and you still don’t have that degree.”

Black students are taking particularly big financial risks when attending higher education, UW-Madison’s Fenaba Addo said in a 2018 report for the Federal Reserve Bank of St. Louis.

“(Black students) tend to rely on student loans more than whites, have higher debt burdens, express more concern about the affordability of loan payments, and are more likely to default,” said Addo, a faculty affiliate at the university’s Institute for Research on Poverty.

Financial aid scarce

To avoid the possibility of piling on more loan debt, many UW-Milwaukee students turn to the university’s financial aid office.

However, the university lags behind similar institutions in regard to financial aid. The same 2020 IPEDS report found 58% of UW-Milwaukee students received grant aid in the 2018-19 school year — far below the comparison group median of 84%. UW-Milwaukee that year offered students roughly half the aid that comparison universities provided.

Tim Opgenorth, UW-Milwaukee’s director of financial aid, said the university lacks funding to cover the full need.

“(The IPEDS data) doesn’t surprise me. We have a very small amount of institutional, need-based aid that we can give to students,” Opgenorth said. “The campus is aware that they have a ways to go, and they’ve been trying to raise money to address it.”

Pryor, a 1988 UW-Milwaukee alum, said many of today’s students must work, making it hard to do well in school.

“I do think if we could get some more scholarship money for our students, that could really close the (racial) gap,” Pryor said. “I think our students would be able to be more successful and would not have to work two or three jobs. They could focus more on their studies, and they might not have to drop out.”

‘It would change everything’

The national conversation around addressing student loan debt is getting louder since President Joe Biden took office. Biden’s plan is to forgive up to $10,000 in student loan debt per person; some in the Democratic Party call that too modest.

Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren are among those pushing for $50,000 in loan forgiveness for the 43 million Americans who collectively owe more than $1.5 trillion.

Clint Myrick

Clint Myrick was a member of the Black Student Union while a student at the University of Wisconsin-Milwaukee. One of the first members of his family to go to college, Myrick says the student loan debt he accumulated has continued to have a ripple effect across his adult life — making it harder to finance a car, purchase real estate and requiring him to have multiple jobs. (Courtesy of Clint Myrick, via Wisconsin Watch)

But some are criticizing this push to eliminate debt across the board, worried it would give a break to the wrong people. During the recent online debate, Reason editor-at-large Nick Gillespie said forgiving student loan debt for all would give wealthy families help they don’t need.

“There is no reason on God’s green Earth that wealthy people should not be paying their way. When they take out loans or their kids take out loans, they should pay them back,” Gillespie said.

Brookings Institution fellow Adam Looney argues that “even modest student loan forgiveness proposals are staggeringly expensive and … would exceed cumulative spending on many of the nation’s major antipoverty programs over the last several decades.” Looney proposes more targeted approaches to close the wealth gap.

But Harrington of the Center for Responsible Lending said canceling all student loan debt could effectively address racial gaps in debt and wealth, adding, “It will literally move so many families to positive wealth from negative wealth. That is not nothing. That is powerful.”

With no relief yet in sight, Myrick continues to chip away at his six-figure loan debt, which continues to exact a steep toll. The debt kept his family from qualifying for the lowest rate on a home loan, and it has stalled plans to begin investing in real estate.

Myrick said canceling all student debt would transform his family’s life and help address the deep racial disparities in Milwaukee and nationally.

“Some people wouldn’t even have debt if you eliminate those. I’m one of them,” he said. “I wouldn’t have to work a second job if they wiped them clean. I would have more time with the family. Wiping student loans across the board for Black folks … it would change everything.”

Here are some resources to manage student loan debt

The Consumer Financial Protection Bureau has a range of resources on student debt, including an online tool to help would-be borrowers compare costs and financial aid options. A CFPB student loan ombudsman handles disputes with private student lenders or with those who service or collect on all types of student loans. You can submit a complaint online.

A U.S. Department of Education student loan ombudsman handles disputes over federal student aid. You can submit information about your problems online or call 877-557-2575.

This story was produced as part of an investigative reporting class at the University of Wisconsin-Madison School of Journalism and Mass Communication under the direction of Dee J. Hall, Wisconsin Watch’s managing editor, who contributed to this story. The nonprofit Wisconsin Watch collaborates with WPR, PBS Wisconsin, other news media and the UW-Madison School of Journalism and Mass Communication. All works created, published, posted or disseminated by Wisconsin Watch do not necessarily reflect the views or opinions of UW-Madison or any of its affiliates.

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