The services provided include Stafford, Parent PLUS, private and federal consolidation loans. Those who consistently pay on time qualify for an interest rate reduction.
The Urban Ed Express is affiliated with Urban Trust Bank, which is owned by an investor group led by Johnson. RLJ Companies, also founded by Johnson, “provides strategic investment and direction in and for a diverse portfolio of companies in the financial services, real estate, hospitality/restaurant, professional sports,” according to the company’s Web site.
Gordon said parents and students must research the college loan process because choosing a loan provider is far more complex than picking a company because they are minority friendly.
“You have to do you homework as a consumer and give it a good hard look before picking a company.”
Dr. Edward Wright, dean of student services at Laney College, in Oakland, Calif., says although the conference was the first time he heard about the loan company, he is intrigued by Johnson and the quality of the service and will share the information at the college.
--Margaret Kamara
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