Are HBCU Graduates Charged Higher Interest Rates On Loans?


Obama Host Reception For Nat'l Museum Of African American History And Culture

Obama Host Reception For Nat'l Museum Of African American History And Culture

A new study finds graduates of Historically Black Colleges and Hispanic-serving schools often get the shaft when it comes to loans. The Student Borrower Protection Center says grads from these institutions may be charged more in interest on student loans or trying to refinance them. The rates were found to be higher than those for graduates at other universities. Senator Kamala Harris retweeted the results of the study and said, "It makes no sense to charge students of color *more* for their loans simply for attending HBCU’s and Hispanic-serving institutions. These are students who already face enormous barriers to succeed. I’m looking for answers.” SOURCE

1011 The Beat · Nashville's Home for Hip Hop and R&B

Listen Now on iHeartRadio