Financial Aid

African American Woman Endows Scholarship for Black Students at Oxford University

Arlan Hamilton is the founder and managing partner of California-based Backstage Capital, a fund that is dedicated to minimizing funding disparities in tech by investing in high-potential founders who are people of color, women, and/or LGBT.

New Scholarships at the University of Pennsylvania Seek to Boost Diversity in City Planning

The department of city and regional planning in the Weitzman School of Design at the University of Pennsylvania has established the Moelis Scholars program that is open to African American and Latinx students who are thinking about pursuing careers in housing and community and economic development.

Federal Reserve Study Shows High Student Loan Default Rates in Black Neighborhoods

A new report from the Federal Reserve Bank of New York finds that student loan borrowers from zip codes that are primarily Black are twice as likely to be in default as borrowers from zip codes that are primarily White.

New Report Offers Data on Race/Ethnicity of Pell Grant Recipients

Federal Pell grants are financial awards provided to undergraduate students who demonstrate significant financial need. More than 57 percent of African American undergraduate students received a federal Pell grant in the 2015-16 academic year. For White students, 31.3 percent of all undergraduates received a Pell grant.

University of Kentucky Alumnus Establishes Scholarship Fund for African Students

Esias Bedingar, a native French speaker, came to the University of Kentucky in 2014. He knew no English, but he went on to complete the English as a Second Language program in just one semester. He graduated in May 2018 with a bachelor's degree in public health.

UNCF and Partners Establish Loan Forgiveness Program for Black Students

The program will provide $1,000,000 in financial aid debt relief over three years to current students or graduates of HBCUs and other four-year accredited universities.

University Looks to Address the Shortage of Teachers From Underrepresented Groups

The University of North Florida in Jacksonville has introduced the Holmes Scholarship program with the aim to increase the number of teachers from underrepresented groups who, in return for financial aid, commit to serving in the local public schools.

Black Billionaire to Pay Off Student Loan Debt of Morehouse College’s Class of 2019

Robert F. Smith, a billionaire who is CEO of Vista Equity Partners, told the graduates of Morehouse College in Atlanta that he would commit up to $40 million dollars to eliminate the student debt of all 396 graduates of the Class of 2019.

University of Maryland Baltimore County to Expand Meyerhoff Scholars Program to California

The Meyerhoff Scholars program is recognized as one of the most effective models in the country to help inspire, recruit, and retain underrepresented students pursuing undergraduate and graduate degrees in STEM disciplines.

Survey Examines Racial Differences in Who Pays for College

A survey conducted for LendEDU examines the percentages of college students who pay for all or some of their education. In what may come as a surprise to many readers, when the data was broken down by race, there are only small differences between Blacks and Whites.

The First Cohort of E.E. Just Postgraduate Fellowships in the Life Sciences

Bianca Marlin is a postdoctoral researcher in neuroscience at Columbia University in New York City and Elizabeth Ransey is postdoctoral researcher in neuroscience at Duke University in Durham, North Carolina.

New Scholarships for Mississippi State Engineering Students From Underrepresented Groups

Southern Company, one of the leading energy companies in the country, has made a gift to Mississippi State University that will help students from underrepresented groups pursue an engineering degree at the university's James Worth Bagley College of Engineering.

Educate Black America Launches a New Product Line to Support Scholarship Fund

ABC Ventures has announced its first product in the Educate Black America sportswear and accessories line, the "Educate Black America" cap.

Indiana University Establishes the Black Philanthropy Circle

The Black Philanthropy Circle will establish programs to improve the recruitment, retention and degree attainment for Black students, faculty and staff on all of Indiana University's campuses.

Kevin Hart to Support the College Education of 18 KIPP Students at HBCUs

Comedian Kevin Hart has established a new $600,000 scholarship fund in conjunction with the United Negro College Fund that will support the college education of 18 students from Knowledge Is Power Program (KIPP) schools who will be attending historically Black colleges and universities.

University of Massachusetts’ New Fellows Program Aims to Boost Diversity in Its Graduate School

The Spaulding-Smith STEM Fellowship Program is named for Major Franklin Spaulding, the first African American to receive a Ph.D. from the University of Massachusetts, and Elizabeth Hight Smith, who in 1905, was the first woman to earn a graduate degree at the university.

How Student Loan Debt Impacts the Racial Wealth Gap Years After Students Complete College

The study of nearly 1,500 young adults, led by a professor of social work at the University of Illinois, found that Black and Hispanic students who had accumulated student loan debt during their college years had, at age 30, $36,000 less in net worth than their peers who did not have student loan debt.

African Americans and Pell Grant Student Success

The federal government spends more than $30 billion each year on the Pell Grant program, which benefits well more than half of all Black students enrolled in undergraduate programs. But are colleges and universities doing a good job in graduating Pell Grant students?

Many African American Students Receive Pell Grants: But Do They Graduate?

Some 214 institutions have Pell graduation rates lower than 25 percent. Of the more than 60,000 Pell students initially enrolled at these institutions combined, only 9,904 of them (16 percent) graduated within six years.

Study Examines How Tuition Hikes Impact Campus Diversity

A new study authored by Drew Allen of Princeton University and Gregory C. Wolniak of New York University found that a $1,000 tuition increase at 4-year, non-selective public institutions is associated with a 4.5 percent drop in campus diversity among full-time freshmen.
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