student debt

U.S. President Joe Biden may have come up with a plan to alleviate the financial burden of student debt for many Americans by $10,000.

The Biden-Harris Administration recently announced that changes are being made to student loan programs that will result in 40,000 borrowers having their student debt immediately wiped.  

Clark Atlanta, Wilberforce University in Ohio, Hampton University in Virginia and Louisiana’s Grambling State University are some of the handful of HBCUs that are using pandemic relief funds and private donations to clear debt for students and change their college experience for the better.

The Biden administration announced Thursday it will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes.

When seeking graduate and professional degrees, African Americans take on over 50% more debt than white students. On the upside, African Americans also see a bigger payoff to earning such degrees. Whether or not that payoff is enough to make up for the additional debt burden is unclear. These are some key takeaways from a study we released in […]

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