Financial Aid

American University to Offer Free Ride to 10 District of Columbia Students Each Year

American University to Offer Free Ride to 10 District of Columbia Students Each Year

American university recently announced that its District Scholars Award program will provide full scholarships for high-achieving students with financial need who graduate from the city’s public and charter high schools. Blacks make up 68 percent of the enrollments in the city’s public schools.

African American Woman Endows Scholarship for Black Students at Oxford University

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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?

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

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.

The Large and Growing Racial Gap in Home Ownership

The Large and Growing Racial Gap in Home Ownership

Many American families use the equity in their home to finance the higher education of their children or grandchildren. Since this source of wealth is less available to Black families, this places African Americans at a disadvantage in financing higher education.

Washington University in St. Louis Is a New Partner of QuestBridge

Washington University in St. Louis Is a New Partner of QuestBridge

QuestBridge, based in Palo Alto, California, connects high-achieving students from low-income families to 40 of the nation’s most selective colleges and universities.

University of Georgia Launches New Fundraising Initiative Aimed at Black Alumni

University of Georgia Launches New Fundraising Initiative Aimed at Black Alumni

On January 9, 1961, Hamilton E. Holmes and Charlayne Hunter-Gault became the first African-American students to register for classes at the University of Georgia. Now the 1961 Club, commemorating that event, has been established to raise funds from the more than 14,000 Black alumni of the university.

University of Georgia School of Law Looks to Increase Diversity

University of Georgia School of Law Looks to Increase Diversity

The University of Georgia School of Law has announced the establishment of the Benham Scholars Program aimed at increasing diversity at the law school. The new program is named after Robert Benham, the first African American justice on the Georgia Supreme Court.

Act II for the Darrell Walker Art and Basketball Fundraiser at Clark Atlanta University

Act II for the Darrell Walker Art and Basketball Fundraiser at Clark Atlanta University

Coach Darrell Walker uses his contacts in the sports, entertainment, and arts fields to secure donations of artwork and memorabilia that are auctioned off to raise money to pay for summer school tuition and other academic services for the players on this team.

Lehigh University Is the Latest Educational Partner of the Posse Foundation

Lehigh University Is the Latest Educational Partner of the Posse Foundation

Lehigh University in Bethlehem, Pennsylvania, has become a new partner with the Posse Foundation. A Posse of 10 students from the San Francisco Bay area will become Lehigh students next fall. The university hopes to add additional Posses of 10 students each year.

Ranking Top Colleges by the Net Price Paid by Low and Middle-Income Students

Ranking Top Colleges by the Net Price Paid by Low and Middle-Income Students

The New York Times recently published its list of the Top Colleges Doing the Most for the American Dream. The rankings are based on the percentage of undergraduate students who receive federal Pell Grants as well as the net price students must pay to attend these institutions.

Many Qualified, Low-Income Students Are Not Attending Our Best Colleges

Many Qualified, Low-Income Students Are Not Attending Our Best Colleges

A new report from the Center of Education and Workforce at Georgetown University finds that nearly 90,000 students who are eligible for federal Pell Grants for low income families, are qualified to be admitted to the nation’s selective colleges and universities but do not enroll in these institutions.

University of Michigan Alumni Association Expands Scholarships for Underrepresented Students

University of Michigan Alumni Association Expands Scholarships for Underrepresented Students

The Alumni Association of the University of Michigan recently announced a $30 million expansion of its Leadership, Excellence, Achievement and Diversity (LEAD) scholarship program. To be eligible for a LEAD scholarship, a student must have African-American, Latino or Native American heritage.

Beyoncé Creates Scholarships for Women at Two HBCUs

Beyoncé Creates Scholarships for Women at Two HBCUs

The Formation Scholar awards at Berklee College of Music, Howard University, Parsons School of Design, and Spelman College were established “to encourage and support young women who are unafraid to think outside the box and are bold, creative, conscious, and confident.”

First Black Woman Student at the University of Georgia Creates 'Giving Voice to the Voiceless' Fund

First Black Woman Student at the University of Georgia Creates ‘Giving Voice to the Voiceless’ Fund

Charlayne Hunter-Gault and her husband Ron Gault have created the Giving Voice to the Voiceless endowment at the University of Georgia. The endowment will provide grants to university students to promote social justice and global understanding.

Central State University Offers New Scholarship for STEM Majors

Central State University Offers New Scholarship for STEM Majors

The Broadening Ohio’s Workforce in Science, Technology, Engineering, and Mathematics-Agriculture scholarship offers a renewable $10,000 scholarship for first-year students and community college transfers. To be eligible, students must be Ohio residents and have had a minimum 3.0 grade point average in high school or community college.

New Scholarship Program at Indiana University School of Law Honors Julian Bond

New Scholarship Program at Indiana University School of Law Honors Julian Bond

Julian Bond, the noted civil rights leader, legislator, author, NAACP chair, and long-time faculty member at the University of Virginia who died in 2015, was the co-founder of the Southern Poverty Law Center.

Financial Aid Grant Allows Seniors at HBCUs to Complete Their Degree Programs

Financial Aid Grant Allows Seniors at HBCUs to Complete Their Degree Programs

Lowe’s Corporation has made a $500,000 contribution to the United Negro College Fund’s Emergency Student Aid program. The program offers financial aid to seniors at HBCUs who need funds in order to stay in school and complete their degree program.

New Scholarship Honors the First Black Graduate of the Vanderbilt University School of Medicine

New Scholarship Honors the First Black Graduate of the Vanderbilt University School of Medicine

The new scholarship at the medical school was made possible by a gift from Annie Marie Garraway, the sister of Dr. Levi Watkins Jr., the first Black graduate of the Vanderbilt University School of Medicine.