Report Finds HBCU and Hispanic Grads Pay More For Student Loans

Posted on AllSides February 19th, 2020
From The Left

Are Black and Hispanic students paying more for their student loans? According to a new report by the Student Borrower Protection Center (SBPC), they are.

The report, titled “Education Redlining”, says students of historically Black colleges and universities or those attending Hispanic-serving institutions were offered loans that cost thousands of dollars more than those who attended predominantly white collegiate institutions.

Released on February 12, the report looks at hypothetical comparisons of loan rates between students with nearly identical backgrounds who use Wells Fargo and Upstart, two consumer lending platforms.

Read full story
https://www.bet.com/news/national/2020/02/19/black-and-hispanic-students-pay-more-for-college-loans.html

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