Black Colleges Pay More to Borrow Money, For No Good Reason

A new study finds that historically black colleges are charged more money to issue bonds than white schools, even if they are equally strong financially.

A new study finds that historically black colleges are charged more money to issue bonds than white schools, even if they are equally strong financially.
Just when you think that for-profit colleges like the University of Phoenix are predatory bloodsuckers that sell worthless degrees at inflated prices to vulnerable people, they go and do something thoughtful, like offering their terrible services to thousands of black students.
Even the most prestigious historically black colleges and universities are facing financial struggles these days. They would love to bolster their ranks by luring in more white students. But how?
People seem to be upset about the fact that this Giant Food Stores ad in DC targeting Howard University students features a white person, but hey, cut em some slack. DC is different now. [via Washington Biz Journal]
Wilberforce, the nation's oldest historically black college, is teetering on the edge of possible extinction. Dang.
Atlanta-based historically black college Morris Brown is close to being foreclosed upon and disappearing. Dang.
At Hampton University, a historically black college in Virginia, MBA students are banned from wearing cornrows or dreadlocks, thanks to an edict from Business School Dean Sid Credle.