86.6% of black students and 65% of brown students borrow federal loans to attend four-year colleges, compared to 59.9% of white students. Even well-off black students carry more student loan debt. An average black graduate has $7,400 more in student debt than his or her white peer. Black and brown students are more likely to borrow more to go to graduate school. Not only are students of color more likely to borrow more for a degree, and borrow in higher amounts for the same degree, but they’re more likely to struggle to repay student loans than white students.
If you are like most families, sending your children to college with all four years paid for is not possible, or challenging at best. Approximately 4.9 million Americans with federal student loan debt each owe an average of $36,406 for their federal loans.
Let the Black Scholar Program give you some relief by matching your contribution. Blackpledge will gift your loved one an award to put towards his or her College or Trade School. Being part of this program will allow you access to our tutoring services that include test and SAT prep along with granting you access to our educational content library.
***Please note: You must be part of our network and pay for a membership for at least 4 years to receive this award. You can also pay into this service longer for an increased benefit amount of up to $2,500 per year. ***
***All new members are subject to a 90-day probationary period before the use of any service. This protects both our members and the company. A registration fee plus the first month of any plan is required to start a new membership.***