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Honey Brown Hope Foundation Rakes in National, State and Local Recognition

Honey Brown Hope Foundation Rakes in National, State and Local Recognition

Honey Brown Hope Foundation

Houston, TX — The Honey Brown Hope Foundation, a nationally recognized, award-winning 501(c)3 non-profit that has served youth and their families for over two decades, announced today that it is thankful this holiday season for recently being recognized for its civil rights

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Community Empowerment: Black Chambers of Commerce Where Is My Patronage?

Community Empowerment: Black Chambers of Commerce Where Is My Patronage?

Peter Grear

Educate, organize and mobilize -- Back in September I wrote an article entitled, Voter Suppression: Creating Black Wealth.  The impetus for that article was a commentary written by Earl G. Graves, Sr., Publisher of Black Enterprise. 

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Employees of Small, Locally-Owned Businesses Have More Company Loyalty

Employees of Small, Locally-Owned Businesses Have More Company Loyalty

loyalty to employers

Employees who work at small, locally owned businesses have the highest level of loyalty to their employers — and for rural workers, size and ownership of their company figure even more into their commitment than job satisfaction does

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The Pawns of Politics: Where Is My Patronage?

The Pawns of Politics: Where Is My Patronage?

Peter Grear

Educate, organize and mobilize -- For more than a year leading up to the recently completed General Elections, I’ve written about Voter Suppression, gerrymandering, the Black vote and voters.  

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Verbal Abuse in the Workplace: Are Men or Women Most at Risk?

Verbal Abuse in the Workplace: Are Men or Women Most at Risk?

Abuse in the Workplace

There is no significant difference in the prevalence of verbal abuse in the workplace between men and women, according to a systematic review of the literature conducted by researchers at the Institut universitaire de santé mentale de Montréal

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The Decision to Handle Rejection

The Decision to Handle Rejection

Rev. Manson B. Johnson

The Big Idea: Endurance is the key to achieving challenging goals in life.“Man’s rejection can be God’s direction.  God sometimes uses the rejection of hateful people to move us to a new place or assignment–where we wouldn’t have thought of going on our own.  

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Subscribe to Get GDN Print Edition

Subscribe to Get GDN Print Edition

Print Subscription

 Greater Diversity News (GDN) is a statewide publication with national reach and relevance.  We are a chosen news source for underrepresented and underserved communities in North Carolina.  

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Deal to Limit College Loan Interest Rates is Limited

Written by Julianne Malveaux on 09 July 2012.

Cheers to Congress for holding interest rates on college loans down.  Instead of doubling to 6.4 percent, the interest rate on federal college student loans will remain at the 3.2 percent level.  However, this proviso is only in effect for one year.  This time next year, Congress will be waging the same fight.

Young people, especially those enrolled in higher education and recent college grads, along with those who work in education, especially higher education, might want to think about these things when they head to the polls in November.

Of course Mitt Romney might ask why the entire population ought to subsidized loan rates for college grads who needed to borrow to complete their educations.  Why should we subsidize anybody?  We subsidized the automobile industry with low-cost loans because it helped up shore up our nation’s economic strength.  We subsidized banks with virtually no-cost loans because they, were, supposedly, “too big to fail.” We subsidize homeowners by allowing them to deduct the mortgage interest of their loans.  Why not subsidize the students whose college completion holds up our economic futures?

President Obama says he wants our nation to lead the world in the percentage of our population who has either an AA or a BA degree.  We won’t do that unless we help students who come for low and moderate-income families with their college costs.

Despite holding interest rates down, Congress has found other ways to hurt college students.  Effective this Sunday, the federal government will no longer subsidize interest on loans.  That means that if a student takes out a loan to pay for her education, she must immediately pay the interest on that loan.  In the past, those interest costs were subsidized, and students did not have to worry about paying their loans back until after graduation.

Students take out loans because they don’t have the money to pay for graduation.  Many also work long hours to pay for food, and other necessities.  Now, we are planning to add interest rate payments to this burden.  Congress might as well say “bah, humbug” to students, especially after they’ve chosen to keep interest rates down.

Further, graduating students will have to pay their loans back as soon as they graduate, not with the six-month grace period they previously enjoyed.  This makes no sense!  Many students do not graduate with jobs already lined up; they graduate while looking for jobs.  So many have experienced job setbacks that they are moving back home with mom and dad.

Again, it has been a matter of public policy to delay loan payments for some subgroups of people.  We have, for example, agreed to restructure mortgage rates for some mortgage holders; we have allowed large companies in trouble to both take out subsidized loans and also to delay repayment on them. 

Loans continued on page 4