student loan
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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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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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Christmas Miracle: Bank Pays Off Single Mom’s $150,000 Student Loan Debt
There really is a Santa Claus and his real, government name is Fifth Third Bank. On Wednesday, the Ohio-based bank surprised Jasmin Ford, a 30-year-old nurse and single mother, by paying off $150,000 in student loan debt. “I still can’t find the words,” Ford told Good Morning America. “I’m off work again today and I’m…
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Mom's Student Loan Debt Prevents Daughter From Enrolling in Spelman College
Nayaa Martinique and her family took the eight-hour drive from Indianapolis to Atlanta so the college freshman could start her journey as a Spelman woman. “I was just excited to move in and go to college,” Nayaa told Fox 59. But once the family arrived, there was a slight problem. It turned out that Nayaa…
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Report: Student Loan Debt Up 4 Percent
Undergraduate students are leaving school with an average of $30,000 in student loan debt, a new study shows. Consumerist reports that the latest annual student debt survey from the Institute for College Access & Success found that nearly 7 out of 10 seniors graduating from four-year public and nonprofit colleges in 2015 owed an average…