Monthly Archives: March 2013

HBCU Money™ Dozen Links 3/4 – 3/8

Posted on March 9, 2013 by | Leave a comment

Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure.

Government Departments

Will agencies get squeezed on cybersecurity technology? l Government Computer News http://ow.ly/iAVlO

Make up that lost hour of sleep tomorrow night by putting away your smartphone! Learn why l Women’s Health http://bit.ly/YaIl5X

The resilience of the sequester l Senate News http://bit.ly/VQXImR

Senate hearing to examine raising the minimum wage l Senate News http://bit.ly/Znn23W

Can we harness the vast geothermal potential of the Snake River Plain? Students seek answers l Energy http://go.usa.gov/2Z93

The prevalence of books in a home is a better predictor of test scores than family income l Foreign Affairs http://ow.ly/iB5gB

Federal Reserve, Central Banks, & Financial Departments

Credit Cred, an online course that explains what credit is, how you get it & how you maintain it l St. Louis Fed http://bit.ly/Zq3M3

The latest Fed research on a variety of topics involving women l San Francisco Fed http://ow.ly/iB5Xd

How do broker-dealers/futures commission merchants control risks of high speed trading? l Chicago Fed http://ow.ly/iAbI0

Financial Crises: Causes, Consequences & Policy Options l San Francisco Fed http://ow.ly/iB6wu

Weekly chart showing recent balance sheet trends l Federal Reserve http://go.usa.gov/2Wum

Female economist? Check out AEA’s Cmte on the Status of women in the Economics Profession l San Francisco Fed http://ht.ly/izVGg

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important government and central bank articles of the week.

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Posted in Finance & Tech Review

The HBCU Money™ Weekly Market Watch

Posted on March 8, 2013 by | Leave a comment

Our Money Matters /\ March 8, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.90 (0.00% UNCH)

Radio One (ROIA) $1.79 (3.02% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  195.87 (0.47% DN)

Botswana Stock Exchange (BSE)  8 011.88 (0.11% UP)

Ghana Stock Exchange (GSE)  1 567.96 (30.69% UP)*

Nairobi Stock Exchange (NSE)  111.79 (N/A)

Johannesburg Stock Exchange (JSE) 40 732.81 (0.03% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 054.44 (0.45% UP)

London Stock Exchange (LSE)  3 415.55 (0.66% UP)

Tokyo Stock Exchange (TOPIX)  1 020.50 (1.61% UP)

Commodities

Gold 1 577.80 (0.17% UP)

Oil 91.82 (0.28% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 4:00 PM Eastern Time Zone

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Posted in Market Watch

Student Debt Profile By Conference (School By School) – The SIAC

Posted on March 6, 2013 by | Leave a comment

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Albany State University

Average debt of graduates, 2011 – $32 034

Proportion of graduates with debt, 2011 – 90%

Nonfederal debt, % of total debt of graduates, 2011 – 4%

2010-11 Pell Grant recipients – 76%

Benedict College

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 84%

Central State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 76%

Claflin University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 70%

Clark Atlanta University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 70%

Fort Valley State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 75%

Kentucky State University

Average debt of graduates, 2011 – $36 293

Proportion of graduates with debt, 2011 – 30%

Nonfederal debt, % of total debt of graduates, 2011 – 0%

2010-11 Pell Grant recipients – 52%

Lane College

Average debt of graduates, 2011 – $8 619

Proportion of graduates with debt, 2011 – 87%

Nonfederal debt, % of total debt of graduates, 2011 – 3%

2010-11 Pell Grant recipients – 88%

Lemoyne-Owen College

Average debt of graduates, 2011 – $19 369

Proportion of graduates with debt, 2011 – 95%

Nonfederal debt, % of total debt of graduates, 2011 – 0%

2010-11 Pell Grant recipients – 80%

Miles College

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 78%

Morehouse College

Average debt of graduates, 2011 – $29 500

Proportion of graduates with debt, 2011 – 80%

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 49%

Paine College

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 74%

Stillman College

Average debt of graduates, 2011 – $30 429

Proportion of graduates with debt, 2011 – 96%

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 79%

Tuskegee University

Average debt of graduates, 2011 – $28 575

Proportion of graduates with debt, 2011 – 91%

Nonfederal debt, % of total debt of graduates, 2011 – 29%

2010-11 Pell Grant recipients – 64%

Source: Project on Student Debt

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Posted in Lists

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The HBCUpreneur Corner – FSU & A&T’s Keysha Best & Elect Elegance

Posted on March 5, 2013 by | Leave a comment

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Name: Ms. Keysha Best

Attended: Fayetteville State University; North Carolina A&T State University

Business Name & Description: Elect Elegance the Boutique, Women’s clothing, shoes & accessories

What year did you found your company? 2011

What was the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting day was the day I got my first ‘like’ on the facebook business page. To know someone was interested enough in what I was about to offer them was humbling. Can’t say I’ve experienced fear yet. Even when I fail to meet a certain goal, I’m excited about the lesson that was gained in it.

What made you want to start your own company? Having been perceived as “fashionable” for so long, I was ready to offer women style and looks at affordable prices and hope that I could encourage them to become more confident and proud of whom they were.

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Who was the most influential person/people for you during your time in college? Having graduated HS at 16, my college experience was not the most memorable in a positive way. I did however, meet my husband while in school and he has influenced me tremendously since then.

How do you handle complex problems? Every problem that’s presented to me I look at it as if my entire company is riding on it. If it’s one customer or one vendor, I handle it with compassion because I never know how those individuals may show up again in the future. Other issues I try not to stress about. Being a fairly new company and not having any professional training in retail, every lesson is self-taught. I don’t want to be too hard on myself because I’ll lose sight of my end goal(s).

What is something you wish you had known prior to starting your company? I wish I would’ve known that there were a million other female (and some male) entrepreneurs trying to do the same thing. Finding that out now makes me try harder to set myself apart from the others. We may all have the same products to offer but I want to give my customers more than just a piece of jewelry or clothing.

What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? I honestly don’t believe an institution can assist in this area. It’s a mindset. Some people feel the need that they HAVE to work for someone else, not realizing that they’re working for an entrepreneur. Perhaps if students were actually persuaded to take courses in things that they are naturally gifted and talented in, they would see that they are here for another purpose. But again, that’s way past a standard any University can set.

How do you deal with rejection? I haven’t physically experienced it yet. What I could call rejection is perhaps someone not liking my pages but I would write that off as them either not knowing about it or feeling my products aren’t what they need at present.

When you have down time, how do you like to spend it? When I’m not spending time with my family, I’m shopping for exclusive items. I don’t have much down time.

In leaving is there any advice you have for budding HBCUpreneurs? Things may go wrong, and they may happen more often than you wish but you only fail when you quit. Take every setback as a lesson and learn from it.

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Posted in Entrepreneurs

The HBCU Endowment Feature – Tougaloo College

Posted on March 4, 2013 by | Leave a comment

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School Name: Tougaloo College

Median Cost of Attendance: $16 112

Undergraduate Population: 945

Endowment Needed: $304 516 800

Analysis: Tougaloo College needs approximately $305 million for all of its students to attend debt free annually. The amazing part of this is the number is that the school does not need that much. With its current endowment around $10 million it is not completely unfeasible to believe this amount could be accomplished within a decade. As with the other HBCUs in Mississippi it faces the demographic issues of the others. High levels of poverty in the state make it very difficult to build a large endowment for any higher education institution. It is often magnified within the HBCU sphere. Another major headwind is the student body size. Tougaloo simply is not producing a large enough number of students to create income power. The school has an excellent reputation among the inner HBCU circles but like many of the smaller HBCUs has a hard to leaving its footprint among the mainstream of African America. It is geographically close to Louisiana, which presents another problem area it must deal with. At the same token it also presents opportunity to influence parts of southeastern Louisiana. The enrollment at the school needs to grow at least double its current size, even healthier would be a growth of 150 percent in order for it to really make significant strides in earning power and potential donors. The school and its endowment are extremely well run for a school its size and thus as it continues down its current path, with any growth in demographics in its favor could see it becoming a major player in the HBCU endowment space.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.

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Posted in Philanthropy