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It’s a capture-twenty two, say experts who’ve learned brand new perception off As well as loans toward lower-money houses and Black colored family members
“We keep putting rules out there knowing full well the rule has a more adverse impact on people of color,” Clyburn, now the House Majority Whip, tells Newsweek. “All you’ve got to do is look at the result. If you pass a law and the law has an adverse impact on Black students, it speaks for itself.”
One out of the five Along with consumers and more than good 3rd off Black individuals possess income underneath the federal impoverishment line, according to Baum. Even more generally, this lady research shows, half a dozen within the 10 Black parents which have And additionally financing was thought lower-income rather than 25 percent out of light Including-loan people.
One sign of the problems this ilies is the relatively high PLUS loan default and delinquency rates at some HBCUs. Read the rest of this entry »