Based on new data from the Education Data Initiative, Black and African American college graduates owe an average of $25,000 extra in student loan debt than white college graduates. It reportedly takes Blacks more time to repay the loans, potentially straining their overall financial more.
The good news is that Black undergraduate and graduate students can win a $5,000 scholarship to help conquer barriers to attending college. They can pursue it through Earnest, a fintech lender offering $50,000 in scholarships to 10 recipients. The lender says the funding is available to any U.S. college student, including permanent residents like Deferred Action for Childhood Arrivals (DACA) students and Black Americans. Read more
