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 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
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…
Black Women’s Mental Health and the Student Debt Crisis
August 05, 2022 by Letisha Marrero Any moment now, the Biden administration will announce its plan to forgive student debt as the moratorium on loan payments will expire at the end of this month. While mounting…
How Student Debt Harms Black Borrowers’ Mental Health
Approximately 45 million Americans carry $1.7 trillion in student loan debt, but the financial challenges facing Black borrowers are…
How Black Women Experience Student Debt
Forty-five million Americans collectively owe $1.7 trillion in student loan debt, and women hold nearly two-thirds of it. But…