student debt
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Biden Administration Might Be Signaling Another Student Loan Freeze
Companies managing federal student loans instructed to hold off on sending required notices to borrowers by Education Department officials
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Survey Shows Student Loan Holders Most Likely To Be People of Color
Statistics show Black and African American college graduates owe an average of $25,000 more in student loan debt than white college graduates.
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Navient Will Issue $1.85 Billion In Settlement Over Student Loan Practices
The loan servicing company agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S
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HBCUs Use Federal Funds to Cancel Students’ Debt
Eliminating Black students’ college debt can significantly narrow the racial wealth gap, and HBCUs are making plans to do just that.
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Is Student Loan Debt Hurting Black Homeownership? HUD Secretary Says Yep!
Marcia Fudge linked a decline in Black homeownership to student loan debt while touting HUD plans to remove barriers between Black people and mortgage lenders.
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Wilberforce University Cancels Student Debt for Graduating Class
Wilberforce University, an Ohio-based HBCU, announced on Saturday that it would cancel the student loan debt of the 2021 graduating classes. Damn, all my university gave me when I graduated was a flash drive. I mean yeah, I got a lot of mileage out of that flash drive, but still. According to CNN, university President…
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‘I Will Not Make That Happen’: Biden Says No to $50,000 Student Debt Forgiveness
Get ready to lower your expectations if you’d been hoping that President Biden would heed the call of some Democrats to cancel student debt up to $50,000 per borrower. The president outright rejected that idea during a town hall hosted by CNN in Milwaukee on Tuesday. After a member of the audience asked Biden how…
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Robert F. Smith Gets the Final Bill for His Gift to Morehouse—and the Number Is Stunning
When philanthropist and entrepreneur Robert F. Smith offered to pay the entire balance of the outstanding student loans for Morehouse’s most recent graduating class, not only did the gift eliminate a burden from the backs of hundreds of students but it also sparked a much-needed conversation about student debt and its disproportionate impact on black…
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Alfred Street Baptist Church Donates $100,000 to Howard University Students
Students at Howard University currently have reason to run around the sanctuary praising God, because Alfred Street Baptist Church has raised $100,000 to pay off their student debt. Thanks to the Virginia-based church, 34 students—including one Mya Thompson—can lay the burden of student debt down by the riverside. According to the Washington Post, Thompson, like…