An analysis of the recent Consumer Financial Protection Bureau’s Student Loan Ombudsman report concluded that private student loans (PSLs) are a risky and high-cost method to pay for a college education. PSLs comprised seven percent of student loans taken out last year and are 15 percent of the nation’s total outstanding student loan debt.
By Cheryl Pearson-McNeil NNPA Columnist I’ve spent the last three years of this column sharing with you important facts about African-Americans’ consumer power. And, I know those of us who are certified black-belts in the time-honored martial art of shopping, were fired up for the Black Friday super sales with our artillery of cash and/or […]
LET’S DO BETTER Absence of proper resources in underserved neighborhoods has been at the forefront of discussion since the 1960s riots. During that era, businesses began moving out of center-cities across America. Riots, however, were not the only reason entrepreneurs abandoned center-cities. Other explanations for the desertions were, “high crime and poor sales.” However, a […]
Nelson Mandela, who was born in a country that viewed him as a second-class citizen, died Thursday as one of the most respected statesmen in the world. President Jacob Zuma announced the death in a televised speech. From his childhood as a herd boy, Mandela went on to lead the African National Congress’ struggle against […]
By Lee A. Daniels NNPA Columnist Just as the holiday season begins, when the thoughts and actions of some focus on compassion for others, we could be about to witness the government’s forcing the poor to go hungry–the product of political horse-trading in Washington that has erased a critical portion of the already-meager subsidy the […]
By Cierra Duncan Special to the NNPA from the Houston Defender HOUSTON–Bruce Austin, a longtime member of the Houston Community College Board of Trustees, said he lost the recent November election because of deception on the part of his opponent. Small business owner Dave Wilson beat Austin by 26 votes. Wilson received 50.1 percent of […]
LET’S DO BETTER Most of us are thankful. Most of us grew up believing Thanksgiving was a time to show gratitude for whatever we had. As time passed, we became somewhat more aware of the historical inaccuracy of Thanksgiving (for example, discovering America’s theft from Native Americans), but the tradition remained. This celebration is now […]
During what he called one of his “favorite events every year,” President Obama presented 16 outstanding individuals, including four African Americans, with the Presidential Medal of Freedom, the nation’s highest civilian honor.