Posted on 08/27/2021 8:44:17 AM PDT by devane617
The Covid-19 pandemic has disproportionately impacted the finances of many Black Americans, including student loan borrowers. Black college graduates owe an average of $25,000 more in student loan debt than white college grads, and over 50% of Black borrowers say their net worth is less than what they owe on student loans.
Now, a number of historically black colleges and universities (HBCUs) are stepping in to help alleviate that financial burden. With federal funding and private donations, these schools are wiping out current students’ account balances — including tuition and fees — and giving them a fresh start.
“We’re committing $5 million, assisting nearly 2,000 students with account balances,” said Clark Atlanta University President George T. French Jr. “The impetus, of course, was to help our students — and to make sure from a business, from a financial implication posture to make sure that we reduce our student debt, so that they could matriculate and graduate.”
Clark Atlanta University in Atlanta, Georgia, which has nearly 4,000 students in total, was one of the first HBCUs in the nation to use federal pandemic relief aid to clear balances for some of its students.
The school is not only cancelling outstanding tuition balances. Also, starting with the 2020 spring term through the current semester, “if you have a dining or a residence hall balance, it will cover that,” French said. “So whatever balances that you have that would restrict you from coming to school, we are removing those restrictions.”
“We are reinventing the college experience,” he said, “so that our students can graduate nearly debt free.”
Stupid me. My kids and I have paid off well over $100,000 and we have more left to go.
Liberals treat dark skinned people like they are children.
And most of them declare themselves to victims of white oppression. None of them realize that they are simply slaves on the Democratic plantation and that their overseers plan to keep them there forever. No army of Republicans will be coming to free them this time. They put their chains back on quite willingly - not on their arms and legs but rather on their souls.
I have a good memory for statistics.
In January 2008, just as the Great Recession started cranking up, 25% of Black college graduates worked for a government agency or a government contractor.
I do not know what the current percentage is, but I will guess it has not gone down very much.
From the years here I know you know better than that. There are about 100 of these colleges and remember that many of them existed because Black students wouldn’t be accepted to other schools.
And down here in Florida we have four quality schools.
Why did you capitalize “Black”?
Principles? Like what? The entire US system is based on a lack of them, whether special tax breaks, preferences, etc.
We are about to violate one of the most basic with the clown President and ‘not leaving any American behind’.
Do those principles allow corporate monopolies to ravish smaller businesses? Under a pure laissez-faire approach the answer is ‘Yes’, yet most of us want to throw the social media giants into a volcano as a sacrifice.
Exactly what principles are you defending here?
Because it’s a proper noun
So why isn’t White a proper noun?
MSN.com makes the Comment button disappear from every article about COVID and Global Warming.
Why don’t the professors and administration take 20% pay cuts?
Colleges are leftist institutions now. It should be no surprise - in the end, the left benefits from student loan debt relief. They name the (exorbitant) price for (mostly worthless) degrees, and taxpayers pay the cost. No risk, no competition, immune from the laws of economics, everything guaranteed. It has turned into an indoctrination scam.
The law should be changed - no federally guaranteed loan for any student attending a university with >$100 million in endowments. Let them use their alumni money to support their educational cause. “Give back” ... “On the shoulders of others” ... “We’re all in this together” ... blah blah blah
Caucasian is. And I capitalize that too. The difference is that many people use Black as the counterpart to Caucasian and most of the Black people I know prefer that. And since you are also Floridian you know that Haitians don’t use African-American, nor do dark-skinned Latins in our state.
Many of them did over the years. Trump basically decided to seed the school’s endowments because so many of them are so small.
Some of them, like Morehouse, are basically in the same position financially as my school, Hobart. Similar school size and endowment. But many are with small endowments because they served a middle class niche that focused on nursing or teaching degrees or something similar, where salaries are not large enough to be able to raise endowment contributions.
AND most things about race.
This action makes sense.
The graduate leaves college with no knowledge...
The graduate should leave college with no debt!
HBCU are sorry letters that stand for sorry schools!
SORRY!
Only 2,000 students get help, offending and throwing aside all other black college students..
It is VERY useable when the research needed isn’t political in nature. I have no reason to doubt HBCU entries on student size and endowment size.
I AM OFFICIALLY OFFENDED THAT POOR SUFFERING AMERICAN TAXPAYERS ARE PAYING THESE DEADBEAT’S COLLEGE LOANS WITHOUT SO MUCH AS ASKING OUR PERMISSION OR A “THANK YOU!”
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