Report: Student Loan Debt Burdens Limit Wealth Building and Career Choice for HBCU Graduates
Diverse: Issues in Higher Education
NOVEMBER 1, 2022
The burden of student loan debt limits future finances of graduates of historically Black colleges and universities (HBCUs). As such, college education is not fulfilling the promise of being a great equalizer and closing wealth gaps, according to a recent report. Christelle Bamona HBCU graduates have an average debt of $32,373 after graduation, which is 19% higher than those at non-HBCUs. “ Paying from the Grave ” – by the Center for Responsible Lending (CRL) – highlights the effects of systemic
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