In the world of financial aid, little is known about the relationship between race and student debt. The main reason for this is that the federal government does not regularly collect information on the race/ethnicity of borrowers. Most research in this field has relied on borrower zip code, to serve as a proxy for race. The authors of this study used the Department of Education’s Baccalaureates and Beyond Survey to assess potential racial differences in the debt level of borrowers’ overtime. Evidence suggests the racial gap in debt after college increases over time. Specifically, within a few years after graduation the Black/White debt more than triples. Disproportionate Black student enrollment in the for-profit sector was found to be a contributing factor in the racial debt gap.