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Voter Outreach

Voter Outreach

Concepts, strategies and objectives to move voters to action

Written by Peter Grear Educate, Organize and Mobilize: Each week over the past several months I’ve written about various aspects of voter suppression with the purpose of explaining its concepts,…

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Keatts A Keeper For New-Look Seahawks

Keatts A Keeper For New-Look Seahawks

New Head Men’s Basketball Coach was all smiles

New Head Men’s Basketball Coach was all smiles at Trask Coliseum. WILMINGTON, NC – Boldly proclaiming, “I’m a winner,” and promising “an exciting brand of basketball” newly-christened UNCW head men’s basketball coach Kevin Keatts said Tuesday that a new day in Seahawk basketball has arrived.

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Lied-to Children More Likely to Cheat and Lie

Lied-to Children More Likely to Cheat and Lie

The study tested 186 children ages 3 to 7

The study tested 186 children ages 3 to 7 in a temptation-resistance paradigm. Approximately half of the children were lied to by an experimenter, who said there was “a huge bowl of candy in the next room” but quickly confessed this was just a ruse to get the child to come play a game. 

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Unconscious Mind Can Detect a Liar When Conscious Mind Fails

Unconscious Mind Can Detect a Liar When Conscious Mind Fails

The unconscious mind could catch a liar

“We set out to test whether the unconscious mind could catch a liar – even when the conscious mind failed,” says ten Brinke. Along with Berkeley-Haas Assistant Professor Dana R. Carney, lead author ten Brinke and Dayna Stimson (BS 2013, Psychology), hypothesized that these seemingly paradoxical findings may be accounted for by unconscious mental processes.

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Alliance of North Carolina Black Elected Officials: Educate, Organize, and Mobilize

Alliance of North Carolina Black Elected Officials: Educate, Organize, and Mobilize

North Carolina Alliance of Black Elected Officials

Written by Peter Grear, Esq.  Since August 2013 I've continued to ask myself "what would an effective campaign to defeat voter suppression look like?” Well, on Friday, February 14, 2014, Valentine's Day, I got my answer from Richard Hooker, President of the…

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Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

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Student Loans Cause 36 Million to Drop Out

Written by Charlene Crowell on 12 November 2012.

According to a new report, since 2009, 36 million Americans have attended college without earning a degree. Consequently, 850,000 individual private loans valued at more than $8 billion are now in default. With high and variable interest rates, these loans can cost students more in repayment than the actual cost of tuition. From 2005 to 2011 alone, private student loan debt more than doubled from $56 billion to $140 billion.

Among Black students who did not complete college, 69 percent cited high student loan debt as the reason. Soon after dropping out of school, these ex-students began struggling with repayment without the earning power a degree could have provided.

The report, The Student Debt Crisis, is authored by the Center for American Progress, an independent, nonpartisan institute.  The October report analyzes key factors in this looming financial crisis including changes in debt over time, the role lenders have played in the current crisis, who has incurred debt and factors contributing to the rise of student debt.

Most of the $1 trillion in combined federal and private student loan debt can be attributed to the  the increasing cost of college, the choice by state legislatures to make higher education a lesser priority in annual budgets, aggressive lending practices, and the recession cutting into the savings and earning power of families, the report stated.

“Students of color, particularly African-Americans are graduating with more student debt: 27 percent of black bachelor’s degree recipients had more than $30,500 in debt, compared to 16 percent for their white counterparts. And with Pell Grants facing cuts, many students of color who rely on these awards to help pay for school will be forced to borrow at even greater rates,”  the report observed.

Among students of color who graduate, the report found that 81 percent of Black students and 67 percent of Latino students typically have one hand holding a degree and the other clutching multiple student loans that need to be repaid. Among young African-American college graduates under the age of 34, more than half – 56 percent – have delayed purchasing a home.

Further, the lengthy time it now takes for most new graduates to find employment brings another dimension to student debt challenges. While nearly 9 percent of recent White graduates are unemployed; nearly 11 percent of Black graduates and 13 percent of Latinos are unemployed.

Financial pressures have forced many state and local governments to make painful cuts, including in education. This reduction in funding left many institutions of higher learning with fiscal challenges. Some school endowments also lost funds as a result of the recession. As a result, most schools turned to raising the cost of tuition to replace needed revenues. To make matters worse for students, many state-sponsored scholarships and grants were reduced, if not eliminated.

As costly as college has become, there are still valid reasons to pursue higher education. According to Wilbert van der Klaauw, an economist with the Federal Reserve Bank of New York, the disparities in lifetime earnings are stark. Americans with degrees can expect their collective earnings to reach $2.3 million. For people that attended college but never completed a degree the lifetime expected earnings drop to $1.5 million.

The report concluded, “The overlap of the recent recession and the continuing rise in student debt has created a perfect storm that is overwhelming many borrowers.” •

Charlene Crowell is a communications manager with the Center for Responsible Lending. She can be reached at: Charlene.crowell@responsiblelending.org. •