by Quantrell Kemp

In today’s society it’s very hard for young teenagers to get into college, so thats why its a good thing that there are programs out there like the Philadelphia College Prep Roundtable.

The racial wealth gap means families of color may not be able to give young members of their households gifts to invest in their future, similar to what their white friends are likely to receive.

According to The Philadelphia College Prep Roundtable, “they seek to strengthen a community of college access and success practitioners who believe in the potential of all individuals and help students navigate the path to and through higher education. We provide tools,resources and opportunities for discourse; support leadership development in the field; and seek to bridge the gap between policy, research and practice in the area of college access and completion.This act is more critical now than ever as the quickly-rising costs of a college education, as well as the necessity to obtain higher education in order to be a contender in today’s job market hangs heavy over the heads of our young people.”how African American and Hispanic student struggle with investments after college.jpg

All students have the ability and deserve to enroll and succeed in an accredited post-secondary environment. of their choice- be that a 2- or 4-year college or university, vocational program or certificate training program.

“PCPR updates the network on the impact of state, federal, and local policies affecting college access and success. Having begun with 5-7 individuals in the early 1990’s, PCPR has supported over 750 professionals as part of its network and over 2,000 individuals from a wide range of businesses, individuals, K-12 agencies, and non-profits during the last two decades.” 

Even if you graduate from college, as a black college graduate, you’re faced with discrimination. So you might have done everything right, achieved the skills you need to succeed, but you won’t see a higher return. The other issue with education is that black college graduates come out with higher debt levels so they start out behind in terms of asset building.

Black and Latino families earn a lower return on their incomes, meaning they are less able to turn each additional dollar of income into wealth. A white family will typically see a return of $19.51 for each dollar earned, while a black family will see only $4.80 in return and Latino families $3.63