Wiley College received a $300,000 gift from an anonymous donor to clear the student debt for the HBCU’s 2022 graduating class.
President Joe Biden's speech from North Carolina A&T State University is expected to address rising prices at a time when Black students disproportionately saddled by debt are among the most adversely affected by the inflation crisis.
The Student Freedom Initiative is one of the organizations trying to correct the problem of bad student loan agreements by providing social and economic mobility for STEM-studying juniors and seniors at HBCUs for years to come.
President Biden's extension of a moratorium on federal student loan debt payments falls short of demands to cancel it altogether as the racial wealth gap continues to widen. Studies show that Black students are affected the most by student debt.
Many HBCUs across the nation understand the financial plight of their students and have pledged to use a combination of federal funds and private donations to completely clear out their debt and reshape the college experience overall.
Virginia State University is clearing outstanding balances for students who enrolled during the COVID-19 pandemic.
At least one person was reportedly killed in Johannesburg as police responded with deadly force during ongoing protests against mounting student debt in South Africa.
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