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13 Results / Page 2 of 2

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VP Kamala Harris, ‘A Different World’ cast talk student debt relief

Vice President Kamala Harris celebrated historically Black colleges and universities with the cast of sitcom “A Different World” as the White House promoted their efforts to reduce the burden of student debt. In a video posted on Friday, Harris highlighted the Biden-Harris administration’s moves to eliminate student debt for millions of borrowers. She was joined by “A Different World” co-stars — Jasmine Guy, Kadeem Hardison and Glenn Turman — in urging borrowers to learn more about the federal debt relief […]

todayApril 14, 2024 1

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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

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70 organizations, NAACP included, ask Biden’s Education Dept. to retool student debt plan to help people of color

Pressure is mounting on President Joe Biden and his administration to retool an alternative student debt relief plan so it provides targeted assistance for borrowers who have faced hardship.  According to Bloomberg, the NAACP, the American Federation of Teachers, the Urban League and the Rev. Al Sharpton’s National Action Network were among the nearly 70 organizations and labor groups that signed a letter maintaining that the modifications would support key blocs for Biden’s reelection campaign, such as young people and […]

todayJanuary 19, 2024 1

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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

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