4.6 • 12 Ratings
🗓️ 23 October 2025
⏱️ 4 minutes
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Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent and graduate student loans. Philanthropists could help fill the gap.
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| 0:00.0 | Here's your Forbes Daily Briefing bonus story of the week. |
| 0:04.9 | Today on Forbes, these billionaires are stepping up as HBCUs are squeezed by student loan cuts. |
| 0:13.2 | Antonio Sweeney relied on a mix of private and school scholarships, plus a federal Pell Grant for low-income students, to pay for his first two years at his dream school, |
| 0:22.8 | Morehouse College, in Atlanta, the alma mater of Senator Raphael Warnock, Democrat of Georgia, |
| 0:29.0 | and Martin Luther King, Jr. But by junior year, most of the outside scholarship money was used up, |
| 0:35.9 | and he had taken on so many activities, |
| 0:38.1 | from serving as class president to running his own side businesses, that he hadn't earned |
| 0:42.4 | enough credits to keep his Morehouse academic scholarship. |
| 0:45.7 | He filled the gap that year by taking out federal and private student loans. |
| 0:50.4 | Now, in his senior year, his mother has come to the rescue. |
| 0:54.0 | She borrowed $24,419 this fall from the federal Parent Plus program and plans to tap a similar |
| 1:01.2 | amount for the spring semester. |
| 1:03.6 | His mother, Sylvia Triplett, a Flint, Michigan special education teacher, still paying |
| 1:08.3 | off her own student loans, says, quote, |
| 1:14.9 | we're almost at the finish line, and if this is what's needed to be done for him to complete his education, then as a parent, I'm willing to do it. |
| 1:19.5 | Sweeney and Triplett shared their story with Forbes for a good reason. |
| 1:23.4 | As part of President Donald Trump's so-called One Big Beautiful Bill Act, beginning next July 1st, |
| 1:28.8 | new parent plus borrowers will be limited to $20,000 per school year and $65,000 over a student's |
| 1:35.6 | school career. |
| 1:37.3 | Sweeney worries, quote, it's going to force families to have to decide to tell their kids, |
| 1:41.3 | hey, we don't have enough money for you to go to your dream school. They're not the only ones thinking about the problem students at historically black |
| 1:49.6 | colleges and universities, or HBCUs, have had financing their studies. On October 13th, the family |
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