race and the student debt crisis
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Robert F. Smith Gets the Final Bill for His Gift to Morehouse—and the Number Is Stunning
When philanthropist and entrepreneur Robert F. Smith offered to pay the entire balance of the outstanding student loans for Morehouse’s most recent graduating class, not only did the gift eliminate a burden from the backs of hundreds of students but it also sparked a much-needed conversation about student debt and its disproportionate impact on black…
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Is Racism the Reason Why HBCUs Have to Pay More for Loans Than Other Schools?
If you want to see how systemic—and endemic—racism in the U.S., follow the money. You’d see the racial wealth gap—a phenomenon that has only gotten worse, even as unemployment rates for black Americans dip. You’ll see predatory loans, which disproportionately affect people of color (and which helped fuel the housing crisis). You’ll also see that…