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Study Finds Community College System Fails to Produce Equitable Outcomes for Black Students

NNPA NEWSWIRE — According to a new report from the Joint Center for Political and Economic Studies on the state of Black students at community colleges, an alarming 70 percent of Black students experienced food or housing insecurity or homelessness during the COVID-19 pandemic. The report highlighted that while Black students remain disproportionately represented in community colleges, policy barriers prevent the system from producing equitable outcomes.
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By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia

More than one in three Black community college students are in poverty, and widespread inequality in community colleges deepened throughout the pandemic for Black students facing basic needs insecurity.

According to a new report from the Joint Center for Political and Economic Studies on the state of Black students at community colleges, an alarming 70 percent of Black students experienced food or housing insecurity or homelessness during the COVID-19 pandemic.

The report highlighted that while Black students remain disproportionately represented in community colleges, policy barriers prevent the system from producing equitable outcomes.

“Black workers are struggling to make ends meet during this health and economic crisis. Community colleges provide a path forward to ensure workforce readiness for all, but there are barriers holding back Black students from reaching their full potential,” Dr. Alex Camardelle, the director of workforce policy at the Joint Center, said in a news release.

“On average, Black students at community colleges experience lower graduation rates and earn tens of thousands of dollars less after graduation while having to take on more debt than their peers to pay for school,” Camardelle stated.

He noted that things should be different.

“With targeted basic needs support, child care, improved transfer pathway policies, and better evaluations of community college outcomes by race, our policymakers can do right by Black community college students,” Camardelle added.

“And the biggest takeaway of all — making community colleges tuition-free will benefit Black students the most.”

Joint Center researchers said basic needs insecurity is also closely associated with enrollment declines.

“While COVID-19 emergency funds authorized by Congress pushed community colleges to introduce more support for meeting students’ basic needs, barriers to accessing those supports remain,” study authors found.

For example, 68 percent of Black male students at community colleges experience basic needs insecurity.

Still, only 31 percent of those with need accessed on campus resources meant to connect students with aid because too few knew they were available or do not know how to apply, the researchers discovered.

Meanwhile, the authors concluded that Black student enrollment at community colleges has steadily declined over time and has dropped during the COVID-19 pandemic.

Among the chief findings:

  • From fall 2019 to fall 2021, enrollment fell 18 percent for all Black students and 23.5 percent and 15 percent for Black men and Black women, respectively.
  • Black community college students experience the lowest graduation rates when compared to their peers of other races and ethnicities.
  • The gap between Black and white graduation rates more than doubled from a four-percentage point gap in 2007 to an 11-percentage point divide in 2020.
  • The typical Black community college graduate earns $20,000 less per year than their classmates.
  • White households with workers who hold a high school diploma earn $2,000 more than Black community college graduates.
  • Over two-thirds (67 percent) of Black students borrowed money to pay for community college compared to 51, 36, and 30 percent of white, Hispanic, and Asian students, respectively.

Further, researchers found that Black community college graduates owe 123 percent of the original amount they borrowed 12 years after beginning their community college journey.

View the full report here.

The post Study Finds Community College System Fails to Produce Equitable Outcomes for Black Students first appeared on BlackPressUSA.

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How to Use Credit Wisely

(NewsUSA) – As the holiday season approaches, more people are out shopping, searching crowded stores and online promotions for the best discounts, and using their credit cards to pay for it all. But beware the financial dangers of credit use — how you pay for these deals could safeguard your budget or lead to debt. […]
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A CERTIFIED FINANCIAL PLANNER™ professional can help you guard against costly credit mistakes, paving the way for a financially sound festive season and beyond. Learn more about how to use credit in a way that works for you with the insights below.

Choose Your Credit Card Wisely

Whether you’re shopping for holiday gifts or purchasing necessities like groceries, the credit card you use can make a big difference. There are several factors to consider:

  • Interest Rates. Rates generally run from 21-33%. The standard bank card charges at the low end of the range, and retailer credit cards (those typically with the store’s name on them) charge as much as 33%.
  • Cash Back. Among the best deals are bank cards that offer cash back ranging from 1-4% of your purchase.
  • Rewards Points. Some cards have rewards programs where you earn points that you can redeem for products or services. They may seem attractive but are worthwhile only if you’re actually interested in the rewards offered.
  • Cash Discounts. While retailer credit cards have the highest rates, some offer big cash discounts at the point of purchase. That may be the only time they’re worth using.

Improving Your Credit Score

Boosting your credit score can help you qualify for the lowest available interest rates on auto loans, personal loans and mortgages. If you can, pay the full balance when your credit card bill arrives. But most importantly, never miss a payment. Paying on time not only avoids late fees, but also is a key factor in improving your credit score. The easy way to ensure timely payment is to set up automatic online payments.

A CFP® professional can help you develop other strategies to save money while improving your credit profile, including the following:

Establishing Credit

Lenders offer credit to people with a long and reliable credit history. Most young adults don’t have one. There are various ways to obtain credit, but steer clear of debit cards that claim they can help you build a credit history. When you consider the costs and requirements, they’re usually no bargain. You have better and cheaper options for establishing credit. Here are three of them:

  • Get a secured credit card.
  • If you have a student loan, make sure you’re up-to-date with payments.
  • If you pay rent, ask your landlord to report your on-time payments to the credit bureaus.

The choices we make in managing credit can have a lasting impact on our financial journey. As you navigate the complex credit landscape, remember that CFP® professionals can offer tailored guidance for your unique circumstances. Whether it’s identifying strategic debt payments, exploring balance transfer options or establishing credit responsibly, a CFP® professional can provide a roadmap for achieving your financial goals. Find a CFP® professional today.

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Acura ZDX Type S features

LA Auto Show was the venus for the Acura ZDX Type S details.
The post Acura ZDX Type S features first appeared on BlackPressUSA.

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LA Auto Show was the venus for the Acura ZDX Type S details.

The post Acura ZDX Type S features first appeared on BlackPressUSA.

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Subaru Forester exhibit LA Auto Show

LA Auto Show was the venue for the Subaru Forester. This was the most interesting display technologically.
The post Subaru Forester exhibit LA Auto Show first appeared on BlackPressUSA.

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LA Auto Show was the venue for the Subaru Forester. This was the most interesting display technologically.

The post Subaru Forester exhibit LA Auto Show first appeared on BlackPressUSA.

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