The New Gainful Employment Rule Set to Protect Black Borrowers From Predatory Colleges
January 11, 2024 by Sayda Martinez-Alvarado The Department of Ed’s gainful employment rule and financial value transparency framework are designed to protect students from predatory programs that saddle them with large amounts of debt and low-value degrees.
How Borrowers Should Prepare for Student Loan Payments to Resume
August 08, 2023 by Jaylon Herbin After a three-year pause, student loan payments will resume in October. The timeline for payments restarting was part of negotiations for the debt-limit deal that recently was passed by Congress.…
How the Supreme Court Decision Blocking Student Loan Forgiveness Affects Black Women Like Me
August 07, 2023 by Deiondria Lee-Sanders On two consecutive days in June, the Supreme Court delivered devastating blows to federal education equity efforts aimed at helping students of color and students from low-income backgrounds earn their…
5 Ways the Saving on a Valuable Education (SAVE) Plan Can Help Student Loan Borrowers
July 17, 2023 by Victoria Jackson Last week, the Biden administration announced that 804,000 borrowers will have over $39 million in federal student debt cancelled as a result of the income-driven repayment (IDR) plan account adjustment.…
Parent PLUS Loans Are a Double-Edged Sword for Black Borrowers
June 07, 2023 by Victoria Jackson, Brittani Williams, Jalil B. Mustaffa, Ph.D. Approximately 43 million Americans collectively owe $1.5 trillion in federal student loan debt, but students aren’t the only ones…
The Latest Threat to Student Debt Cancellation
While we await the Supreme Court’s decision on the legality of student debt cancelation, the threats to President Biden’s executive order cancelling up to $20,000 of student debt for Pell…
SCOTUS Hears Cases on Student Debt Cancellation. What Does it All Mean?
On February 28, the Supreme Court heard arguments on two cases that have been holding up student debt cancellation for the 26 million people who applied. The first, Biden v.…
Income-Driven Repayment Plans Fail Black Borrowers
November 16, 2022 by Victoria Jackson, Jalil B. Mustaffa, Ph.D. Approximately 43 million Americans collectively owe $1.6 trillion in federal student loan debt, but this debt is not borne…
What You Need to Know About Student Debt Cancellation
August 25, 2022 by Wil Del Pilar, Ph.D. Yesterday, the Biden administration took a bold first step to tackling the $1.7 trillion student debt crisis in this country by providing limited student debt cancellation. Already, borrowers and advocates…