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An HBCU may pay more for loans. Research links that premium to racism.
Source: JournalistsResource.org- Read more about An HBCU may pay more for loans. Research links that premium to racism.
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Historically black colleges and universities looking to raise money for major projects face higher fees than their non-HBCU counterparts, even when agencies that rate credit risk give HBCU-issued bonds their highest scores, according to research recently published in the Journal of Financial Economics.