Nationally, HBCUs (Historically Black Colleges and Universities) generate more than 130,000 jobs and almost $15 billion annually in total economic impact for their local and regional economies. But HBCUs have been underfunded throughout their histories.
Couple that reality with the fact that student debt is a $1.7 trillion crisis in America, with one in four borrowers in default or serious delinquency. Student debt has become a lifelong burden for many Black borrowers, betraying the promise of college education as the Great Equalizer.
In some ways, students of HBCUs have unique experiences, which we explore in this film featuring alumni, student debt experts, and Rep. Alma Adams, Ph.D.
This film illustrates research findings provided by the UNCF (United Negro College Fund), the Center for Responsible Lending, and the UNC Center for Community Capital.