The way students manage this increasing credentialization varies by race. One 2016 study found that white students are more likely to be from higher socioeconomic backgrounds and thus have the family support to obtain more education and pay off their debt more easily. Students of color are more likely to be lower-income and thus without that family support, so the debt piles up.
Holy crap. This article is a heartbreaking look at wealth distribution, socio-economic status, and education in the US.