Putting Minority Student Loan Borrowers in the Black
Only 22 percent of HBCU graduates leave school with no debt, compared to nearly double the number of graduates at non-HBCUs.
Only 22 percent of HBCU graduates leave school with no debt, compared to nearly double the number of graduates at non-HBCUs.
The Thurgood Marshall College Fund (TMCF) has appointed Exelon Vice President and Treasurer, Francis O. Idehen, Jr. to its Board of Directors.
HBCUs disproportionately enroll low-income, first-generation and academically underprepared college students. Only 22% of HBCU graduates leave school with no debt, compared to nearly double the number of graduates at non-HBCUs.
“We appreciate Congressman Ellison and his sponsorship of the HBCU Investment Expansion Act. This legislation is critical to help HBCUs gain increased access to the investment market,” said Johnny C. Taylor, Jr., President and CEO, The Thurgood Marshall College Fund.
The Apple HBCU Scholars Program is open to outstanding students with a minimum 3.25 GPA who will be graduating between December 2017 and May 2018. Selected Scholars will participate in a 12-week internship during the summer before their senior year, and will receive up to $25,000 in scholarship funding based on individual financial needs that will be applied to their final year of study.
“Understanding higher education financial accounting is very complicated and nuanced,” said Taylor, whose organization raises funds across the nation to pay for African-Americans to attend historically Black colleges and universities such as ASU.