When too many former students default on their student loans, the Department of Education can remove a school’s access to federal financial aid. Almost 60 percent of HBCUs could lose access, compared to less than 20 percent of non-HBCUs, if current rates of borrowers being behind on loans translate into similarly high default rates. Higher percentages of HBCU students rely on federal financial aid to help fund their education than students at non-HBCUs. Losing federal financial aid could devastate institutions that move Black Americans from low-income to middle class, but advocates say supporters can take action to help protect HBCUs.
The post More than half of America’s HBCUs could lose access to federal financial aid appeared first on HBCU News.
