loan

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News

Trump student loan reforms target growing profession for Black workers that could be ‘life or death’

An underreported update to the federal student loan system is gaining more attention as advocates speak out about its impact on a growing professional field that could significantly impact the health and economic stability of Black Americans. President Donald Trump’s signature law, the “One Big Beautiful Bill Act,” passed on July 4, sets borrowing limits for graduate student loans for those pursuing certain professions, namely nursing—an industry where Black Americans are underrepresented but advocates say are desperately needed. The rule […]

todayNovember 26, 2025 1

News

Howard freshman’s college dreams threatened by Trump’s “Big Beautiful Bill” student loan cuts

With the passage of President Donald Trump’s One Big Beautiful Bill, many college freshmen are wondering what this means in terms of paying for their education. This includes Tamia Akers, an incoming student at Howard University. Akers, who is originally from Ohio, spent many years overcoming personal hurdles due to being in the foster care system until she was adopted at age 13. She then faced more challenges as the only Black student at her middle and high school. “I […]

todayJuly 20, 2025 1

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

Economy

Black Founder of Innovative AI-Powered Loan Packaging Tool Revolutionizes Access to Capital for Small Businesses

In a groundbreaking move set to change the financial landscape for small business owners, Cynthia Nevels, the visionary behind Integrality, LLC, a Black woman-owned firm, has unveiled her latest innovation: an AI-powered digital loan packaging tool. This pioneering solution, designed to streamline the loan application process, aims to unlock $1 million in capital for small businesses, with a particular focus on empowering women-owned enterprises. To date her Black woman-owned accelerator, Start.Pivot.Grow., has awarded $52,000 in small grants and helped small […]

todayApril 11, 2024 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 3

News

Amid new student loan debt relief, Education Secretary Cardona warns of Republican opposition

As the Biden-Harris administration announced additional student debt relief this week, it warned that future efforts to broaden student debt cancellation and reduce the cost of education are in jeopardy due to Republican opposition. Borrowers who took out loans of $12,000 or less and made payments for 10 years will have their debt forgiven, the White House announced on Friday.The Saving on a Valuable Education Plan (SAVE) reduces monthly payments from 10% to 5% of a borrower’s discretionary income.  “The […]

todayJanuary 13, 2024 1