The Biden-Harris administration has committed over $16 billion in federal funding and investments to historically Black colleges and universities, including $11.4 billion in grants, contracting awards, and debt relief, to support their role in advancing intergenerational economic mobility.
Tag: debt relief
Posted inU.S. Government
Biden Administration announces $1.2 billion in student debt forgiveness for 153,000 borrowers
By Stacy M. Brown, NNPA Newswire In a significant move to alleviate the burden of student debt, the Biden administration revealed on Feb 21, its decision to automatically forgive $1.2 billion in student loans for 153,000 borrowers. Those eligible for debt relief are individuals enrolled in the saving on a valuable Education (SAVE) repayment plan […]