Financial Aid

Faculty Senate at Arkansas Baptist College Calls for Ouster of President

Arkansas Baptist College, the historically Black educational institution in Little Rock, has not been able to pay its faculty since November 1. The faculty is calling for the president to be fired.

After Campus Protests, the University of Cincinnati Boosts Diversity Efforts

When the University of Cincinnati's only African American dean resigned his post, students protested the lack of diversity on campus. The university has taken some steps to address the issue.

Chinese Government to Offer Hundreds of Scholarships to Black Students

The People's Republic of China will award 1,000 scholarships to undergraduate and graduate students at historically Black colleges and universities to study in China for periods ranging from three months to two years.

North Carolina Central Wants to Be a Guinea Pig for Pell Grant Reform

Chancellor Deborah Saunders-White has proposed that NCCU tryout a performance-based Pell Grant system where students would be given an incentive to complete their education in four years.

African American Entrepreneur Creates New Fellowships at Harvard

Sheila C. Johnson, the CEO of Salamander Hotels & Resorts, has pledged to donate $5 million over five years to create fellowships for students who are dedicated to improving the lives of African Americans.

Jack Kent Cooke Foundation Is Now Accepting Applicants for Its Newest Scholarships

The Jack Kent Cooke Foundation offers a wide range of generous scholarship programs for college and graduate students. Now the foundation is offering a new program for high-achieving, low-income high school seniors.

Lafayette College Mounts New Effort to Increase Student Diversity

Lafayette College, the highly rated liberal arts college in Easton, Pennsylvania, has announced a new partnership agreement with The Opportunity Network that will offer admission and financial aid support to a group of academically gifted, low-income students from the New York City public schools.

An Endowed Scholarship Fund Honors Three Pioneering Emory Professors

The Candler School of Theology at Emory University in Atlanta has established an endowed scholarship program to provide financial aid for students in its Black Church Studies Program.

AccessUVA Reauthorized But Student Loans Are Now Part of the Mix

The board of visitors of the University of Virginia has reauthorized the AccessUVA financial aid program. But due to the rising cost and increased demand for financial aid, the university will now be including loans as part of the financial aid packages.

Education Department Takes Steps to Ease the PLUS Loan Crisis

A large number of historically Black colleges and universities have seen a significant drop in enrollments because many students and their families have been unable to secure PLUS loans from the federal government. A new appeals ruling may help alleviate the crisis.

The Successful First Cohort of the Rutgers Future Scholars Program

Of the 183 students who began in the program five years ago, 163 will enter college this fall. Of the 163 college-bound students, 98 will be attending Rutgers University on full scholarships.

Thurgood Marshall College Fund Joins Forces With the Opportunity Funding Corporation

The Thurgood Marshall College Fund, a group representing 47 publicly operated historically Black colleges and universities, has merged with the Opportunity Funding Corporation, an organization fostering entrepreneurship in the African American community.

Howard University Sees Drop in Hometown Enrollments

Howard University reports that a decade ago there were 142 District residents enrolled who received Tuition Assistance Grants of $2,500 from a federal government programs for students from Washington, D.C. This past year there were only 46.

Yale University Launches a New Outreach Effort Aimed at Low-Income Students

Research published earlier this year by Professor Caroline Hoxby of Stanford University found that many of the nation’s most talented minority students simply do not apply to our nation’s leading colleges and universities because they are unaware of the financial aid available to them.

The New Class of Scholars of the UNCF-Merck Science Initiative

The 2013 UNCF•MERCK Fellows in the biological sciences receive awards ranging from $25,000 for undergraduate scholarship recipients to $92,000 for recipients of postdoctoral fellowships.

Former Professor Endows Scholarship Fund for Music Students at Norfolk State University

Composer and educator Adolphus Hailstork has established an endowed scholarship fund at historically Black Norfolk State University in Virginia. The fund will support undergraduate music students at the university, where Hailstork taught from 1977 to 2000.

Stanford University Creates Fellowships for African MBA Students

Fellows will receive full tuition scholarships and must agree to return to Africa within two years of graduating from the Stanford business school and work for a business, government agency, or nonprofit organization for a least two consecutive years.

A Racial Gap in Debt Levels of Doctoral Students

Among those who studied in a STEM discipline, a quarter of all Black doctoral students had more than $30,000 in debt compared to 10 percent of Whites and Asians. In the social, behavioral, and economic sciences 58 percent of Black students had debts of $30,000 or more.

Thurgood Marshall College Fund Works With Army ROTC to Provide Scholarships in STEM Fields

Under the program, representatives of the Thurgood Marshall College Fund visited 452 high schools, community organizations, and other groups to provide information about opportunities in the Army's Reserve Officer Training Program.

At Many Colleges Financial Aid for Low-Income Students Is Lacking

The New American Foundation report found that for students from families with incomes below $30,000, two thirds of all private colleges and universities have a net price (costs after all financial aid is included) of at least $15,000.
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