Financial Opportunities for Minority Students: Closing the Gap
Financial opportunities for minority students (to support the attendance of higher education institutions) are often limited. According to a 2017 study, Hispanic and Black students graduate from college at a rate of up to 25% lower than their white and Asian counterparts. The persistent racial disparity in higher education is caused by a wide array of barriers, one of the prevailing ones being economic hardship among minority populations. We also know that traditionally underserved students, including minorities and low-income students, attend and complete college at far lower rates than their peers. These students are suspended, expelled, and drop out at higher rates, and are less likely to have access to strong teachers and challenging curricula.
We think it’s vital to keep tabs on the pulse of all things related to charter schools and educational opportunities, including informational resources, and how to support charter school growth and the advancement of the charter school movement as a whole. We hope you find this—and any other article we share—both interesting and valuable.
We believe that all children in our country deserve access to a world-class education. That anyone with dreams and determination should have the opportunity to reach their potential and succeed.
But we are not yet where we need to be. While we often might expect that schools in low-income communities receive extra resources, the opposite is often true; a Department of Education study found that 45 percent of high-poverty schools received less state and local funding than was typical for other schools in their district. In order to help alleviate the financial burden on these underserved communities, you’ll find two resources of information for minority/BIPOC students.
EduBirdie.com, a platform for writers and students, put together a solid list of scholarships available to black students. In its post entitled List of African American Scholarships And Grants for 2020, you’ll find an exhaustive list of scholarship opportunities to explore.
The team at BestColleges.com researched and compiled information on financial aid opportunities for minority students. You can check out some of their findings below:
- Financial Aid Guide for Minority Students
- Scholarships for African American Students
- Scholarships for Hispanic and Latino/a Students
Their comprehensive guides can help aspiring college students attain their dreams, without their socio-economic class acting as an obstacle. You can also use this College Scholarship Database to search for the perfect opportunity.
BestColleges.com partners with HigherEducation.com to provide students with direct connections to schools and programs suiting their educational goals. They also host a wide array of free college planning, financial aid, and career resources to help all students get the most from their education and prepare for the world after college.
Here are a few additional resources you might find helpful:
- EDsmart.org Annual Scholarship worth $2,000
- Education Reference Desk Annual Scholarship – $1,000 Award
- The Best Scholarship Websites to Fund Your Education
- Scholarships for students with disabilities
Since the company’s inception in 2007, Charter School Capital has been committed to the success of charter schools. We provide growth capital and facilities financing to charter schools nationwide. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!