Black Colleges Have to Pay More for Loans Than Other Schools (2018)

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Higher Education

Author: Adam Harris

The Atlantic | Education

Below is an excerpt. Click here to access the full article. 

Now, to be clear, the financial misfortune of black colleges does not rest squarely on their shoulders. Born out of necessity primarily after the Civil War to educate black people who were shut out of most other colleges, the institutions have been plagued by unequal and inadequate funding ever since. HBCUs, half of which are public, draw a lion’s share of their revenue from state and federal funding. And as states tighten their belts on higher-education spending, these institutions are struggling to come up with the funds to improve their campuses by constructing new buildings or renovating ones that have started to wear down.

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