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Sunday, December 18, 2016

Do African American College Students Graduate With More Debt?

The report concluded that HBCU students borrow money at greater rates and amounts than the average college student.  Therefore, it is more difficult for them to repay their student loans post-graduation.  25 percent of HBCU graduates borrowed more than $40,000, four times more than non-HBCU grads.

Cheryl Smith, United Negro College Fund senior VP for public policy and government affairs, said, "Recently, some analysts have questioned whether the student debt crisis is real. For HBCU students, who increasingly are on the hook for financing college costs, the crisis is ever so real."

According to a new study by the United Negro College Fund, students who graduate from historically black colleges and universities do so with far more debt than their counterparts in non-HBCUs.

The study, titled, "Fewer Resources, More Debt: Loan Debt Burdens Students at Historically Black Colleges and Universities," used data from undergraduates who attended four-year public and private HBCUs.

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