Duke University to provide full tuition for NC and SC families with incomes below $150,000
UNC-Chapel Hill to provide free tuition for NC families making less than $80,000 a year
✅ Two of North Carolina's finest universities have announced major programs to help familes of modest means send their children to college tuition free. Duke and Carolina "get it"!
✅ But at the same time, two of the universities top employees - Ms. Jennifer Haygood (CFO at UNC) and Ms. Stelfanie Williams (VP at Duke) have voted as SECU Board members, to overcharge the majority of SECU members millions of dollars in unjust interest charges through risk-based lending.
❗Two of the key groups penalized by risk-based lending are 1) STUDENTS (think student loans!) and 2) RECENT GRADUATES (first job/entry level pay, little credit history, all those "getting started" expenses!). Even the "current/future" SECU CEO Leigh Brady boasted to SEANC how she had to sign her new college-grad daughter's SECU car loan to avoid the RBL punitive rate!
👉 Ms. Williams, Ms. Haygood, what is it "you don't get" about that too truthful confession by Ms. Brady?
Stelfanie Williams Jennifer Haygood
😎 A couple of reverse Robin Hood's?
❓What's Wrong With This Picture? One would think that representatives of these universities would be interested in hearing the reason risk-based lending is discriminatory and inappropriately profiles SECU members by race, gender, age, and economic status. SECU didn't discriminate for the first 85 years and seemed to prosper. What changed Ms. Williams, Ms. Haygood? Why did you do this to the membership of SECU?
✅ Kind of ironic that university folks are afraid to openly discuss the issue of risk-based lending - isn't that what universities do?
Ms. Haygood in particular should recognize why her 'I don't want to hear it' stance is yet one more example of why UNC keeps coming under fire from the State Legislature - accused of a lack of an open mind, an open dialogue, an open debate on critical issues.
And, Ms. Williams, since you represent "Durham Affairs" for Duke, why not hold an open forum in East Durham to discuss risk-based lending with the neighbors. You might find you are "out of touch" with financial reality! Any reason not to come out of your ivory tower and discuss the facts with real members - including your Duke Hospital/University colleagues and students - in Durham?
Ms. Haygood, Ms. Williams such "noblesse oblige" is unseemly for yourselves, for the universities you represent, and for the SECU members you are failing. Why such disregard for your fellow members, coworkers, students, and young people?
What's Wrong With This Picture? What's Wrong At SECU?