Graduates Of Historically Black Colleges Might Be Paying More For Loans: Watchdog Group

The scholar Borrower Protection Center, a watchdog team, claims one loan provider appears to charge greater prices to graduates of historically black colored universities. Jahi Chikwendiu/The Washington Post via Getty Images hide caption

The scholar Borrower Protection Center, a watchdog team, claims one loan provider generally seems to charge greater prices to graduates of historically black colored universities.

Jahi Chikwendiu/The Washington Post via Getty Images

Financial firms could be discriminating against people according to where they went along to university, a watchdog team claims. In specific, the team discovered that a loan provider called Upstart is apparently recharging greater rates of interest on figuratively speaking to graduates of historically black colored or predominantly Hispanic universities.

Far more individuals are getting loans today from a brand new strain of loan providers called fintechs, or monetary technology businesses. Plus some of those loan providers aspect in where loan candidates went to university. Continue reading “Graduates Of Historically Black Colleges Might Be Paying More For Loans: Watchdog Group”