Historically Benedict College has not had access to the same funding resources, contributions, and grants as other institutions and has been forced to pass these cost on to its students.  

Many who have attended Benedict College have gone on to start businesses, have great careers and been great contributors to United States.  But these students have been burdened by above average student loan debts and high interest rate student loans.  

Students who attend historically black colleges and universities take out student loans at higher rates and graduate with substantially higher debt than peers at non-HBCUs, according to a study from the United Negro College Fund's Frederick D. Patterson Research Institute.
 
Students borrow at greater rates and borrow larger amounts, seek loans from more costly sources and encounter more obstacles repaying loans.

“Student loans have become one of the primary ways students pay for college, but for students at HBCUs—many of whom are first-generation college students or who disproportionately come from low-income families and have less access to financial resources—the reliance on student loans is far greater,” said Dr. Brian K. Bridges, who leads the research institute.