borrowers

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News

Trump halts student loan relief, restarts collections and wage garnishment: ‘Black borrowers will suffer most’

As the Trump administration begins referring defaulted student loan accounts for collections on May 5, advocates for student loan debt relief and cancellation say President Donald Trump’s abrupt departure from Biden-era policies will disproportionately hurt Black borrowers and widen the racial wealth gap. After more than five years of student loan payment pauses, the Trump administration has escalated the federal government’s attempts to collect payments–all the while Republicans in Congress introduce legislation to eliminate affordable student loan payment programs. Education […]

todayMay 6, 2025 1

News

What Black student loan borrowers should know about Biden’s new ‘Plan B’ for debt relief

President Joe Biden announced Monday his highly anticipated Plan B for student loan debt cancellation nearly a year after the U.S. Supreme Court struck down his original program. The White House’s announcement asserts that the new plan will provide “significant relief” for Black and Latino borrowers. “We know there are big racial disparities in the student loan program, and students of color are more likely to borrow larger amounts and are more likely to struggle to repay [their loans],” U.S. […]

todayApril 8, 2024 2