Gelani Banks
Apr 10 · 2 min read
Photo by Jordan Rowland on Unsplash

I’m a sucker for a good church testimony. Especially when the person giving the testimony is about to sing. However, this one hit me differently.

It’s the typical testimony of a 19-year-old kid in college who has no money and as from our personal experiences in college, his hoopty breaks down. God! How could you let this happen to me? How will I get out of this? And just when all the bills were due and the inspection was going to expire, the refund check hit the bank account (insert money slot sound)

Praise God for the refund check!

Can the church say AMEN?!


I wanted to stand up in the middle of the church and slap that man across the face for his foolish statement.


And I need everyone in college to understand that, especially my black peers.

A refund check is nothing but a loan.

Let’s say your college tuition is 10k for a semester and you get approved for 12k. You then have two options.

  1. Take the full 12k
  2. Take what you need (10k)

If you take the 12k you now have a surplus. Now comes the “free money”

(excuse me while I roll my eyes)

The Department of Education really needs to change the name of the refund check to extra unnecessary loan check, because let me tell you how us black people love the term refund.

Refund equals returning a product you paid for in exchange for money, but when you’re in college you’re not returning anything because you’re still there.

Yeah, it may not sound the most fun to return 2k dollars that it seems fell into your lap, but the sacrifice is well worth the extra 5, 10, or 20 thousand dollars in extra student loans over the next for years.

Nothing is free and don’t you ever forget it.

In the Black is a financial phrase meaning making money & more specifically not losing money.

Let’s educate ourselves to be better, to stay In The Black.

In the Black

Personal Finance tailored to the African American Experience

Gelani Banks

Written by

I love to teach others about personal finance.

In the Black

Personal Finance tailored to the African American Experience

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