Morning Briefing – March 29, 2021

SECTOR NEWS

A graduate of Morehouse College, an historically Black school, would pay $1,619 more over the life of his contract than an Emory graduate, according to Stride Financial’s online calculator.
A novel way to finance school may penalize students from HBCUs, study finds

The typical student who borrows to attend college leaves with more than $30,000 in debt. Many struggle to keep up with their payments, and America’s ballooning tab for student loans — now $1.7 trillion, more than any other type of household debt except for mortgages — has become a political flashpoint.

So a financing approach known as an income-share agreement, which promises to eliminate unaffordable student debt by tying repayment to income, has obvious appeal. But a new study has found that income share agreements can also mask race-based inequalities. (New York Times)

South Carolina State seeking $12 million to help boost student enrollment

South Carolina State University is asking for state funds to help increase enrollment.

University President James Clark appeared before the Higher Education Subcommittee of the Senate Finance Committee in Columbia on Thursday, detailing the school’s funding request.

Clark stated the university is seeking almost $12 million for student success, enrollment, and retention. (Times & Democrat)

Opinion: A sneak preview of chancellor appointments in the UNC System

You may not care how Fayetteville State University chose its newest chancellor.

But maybe you should.

Sooner or later, N.C. A&T and UNCG will need successors for current chancellors Harold Martin and Frank Gilliam, respectively. And, when that happens, you probably wouldn’t want to do it the way it’s been done for FSU. (Greensboro News & Record)

PSEG Foundation announces $1 million in grants to historically Black colleges and universities

The PSEG Foundation has announced $1 million in grant funding to three historically Black colleges and universities: Hampton University, Howard University and North Carolina Agricultural and Technical State University. This funding will provide qualifying students an opportunity to attend prestigious universities and pursue their studies in STEM education. (PSEG Foundation)

INDUSTRY NEWS