On time graduation rates in 2018 for black students was 60.8%, the second lowest behind Hispanic students at 55.6% compared to 85% of Asian Philadelphians
The median wealth of white households is 13X compared to black households in the U.S.
An estimated 89% of black students borrow federal student loans compared to 60% of white students to attend a four year public college
Black students are 5x more likely to default on their student loans than their white peers
Black graduates hold almost twice as much debt as their white peers at $53,000!
Graduates of HBCUs take on 32% more debt than their peers who attend other colleges.
Black college graduates earn $3.34 less per hour than their white peers, this contributes to $7,000 annually in lost wages.
"Cultivating a Collective of young leaders, debt-free college grads and young entrepreneurs committed to self-love, pursuing their purpose and healing trauma will build generational wealth, youth employment and massive real estate investment opportunities within our communities."
- Chiwishi Joy Abney
HERO Co-Founder & CEO