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Black Borrowers May Be Biggest Beneficiaries of Biden Student Loan Forgiveness
When the Biden Administration announced its latest initiative to reduce the nation’s unsustainable trillion-dollar student debt, both borrowers and advocates rejoiced. In the coming weeks an estimated 804,000 student loan borrowers will together receive $39 billion in federal loan debt cancellations. These unprecedented debt cancellations are available due to systemic corrections that will now ensure […]
The post Black Borrowers May Be Biggest Beneficiaries of Biden Student Loan Forgiveness first appeared on BlackPressUSA.
When the Biden Administration announced its latest initiative to reduce the nation’s unsustainable trillion-dollar student debt, both borrowers and advocates rejoiced. In the coming weeks an estimated 804,000 student loan borrowers will together receive $39 billion in federal loan debt cancellations.
These unprecedented debt cancellations are available due to systemic corrections that will now ensure all borrowers receive full credit for qualifying payments under the Department’s Income Driven Repayment (IDR) plans.
More importantly, these developments signal one of the very few times that Black student loan borrowers stand to become the initiative’s biggest beneficiaries. Recent data analyses underscore the extra student debt borne by Black America.
To paraphrase President Biden’s reaction to national health being passed when he served as President Barack Obama’s Vice President, ‘This is a big deal.’
According to the Education Data Initiative:
- Black college graduates owe an average of $52,000 in student loan debt;
- Over half of these borrowers say their net worth is less than their student debt;
- Black student loan borrowers are the most likely to struggle financially to make a $250 monthly payment; and
- Four years after graduation, Black loan borrowers owe an average of 188 percent more on their debt than whites.
Further, as of June 1, 2021 – long before this new initiative, only 157 borrowers received forgiveness from the Education Department, despite the fact that thousands more were also eligible, according to the federal Government Accountability Office (GOA). This office also found that about half of more than $1 trillion in outstanding federal student Direct Loans are being paid by borrowers using IDR plans.
Now, federal loan borrowers who have reached the equivalent of either 20 or 25 years of qualifying months will benefit. Additionally, loan payments made prior to a loan consolidation will also be counted toward forgiveness.
“My Administration has worked hard to secure the largest increases to Pell Grants in a decade, fixed broken loan programs such as Public Service Loan Forgiveness and created a new income-driven repayment plan that will cut undergraduate loan payments in half and bring monthly payments to zero for low-income borrowers,” said President Joe Biden on announcing the action.
“By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans,” added Secretary of Education Miguel Cardona.
Borrowers receiving notifications in the coming days include those with Direct Loans or Federal Family Education Loans held by the Department (including Parent PLUS loans of either type) who have reached the necessary forgiveness threshold as a result of receiving credit toward IDR forgiveness for any of the following periods:
- Any month in which a borrower was in a repayment status, regardless of whether payments were partial or late, the type of loan, or the repayment plan;
- Any period in which a borrower spent 12 or more consecutive months in forbearance;
- Any month in forbearance for borrowers who spent 36 or more cumulative months in forbearance;
- Any month spent in deferment (except for in-school deferment) prior to 2013; and
- Any month spent in economic hardship or military deferments on or after January 1, 2013.
Discharges will begin 30 days after emails are sent. Then, borrowers will receive a second notice – from their loan servicer – after their debt is discharged. Those receiving forgiveness will have repayment on their loans paused until their discharge is processed, while those who opt out of the discharge will return to repayment once payments resume.
The Center for Responsible Lending (CRL) applauded the Administration for forgiving hundreds of thousands of loans through the improved income-driven repayment program. It commended the action as a critical step but highlighted the need for more work to be done.
“We look forward to working with the Administration to develop additional programs and regulations that will make the repayment of federal student loan debt fairer and more affordable,” said Jaylon Herbin, director of federal campaigns at CRL. “Hard-working Americans pay for a broken student loan system that was supposed to be designed for them. Instead, banking and education industry lobbyists turned it into a cash cow for themselves, skyrocketing tuition costs and telling low-and-middle income families not to worry, ‘the debt will pay for itself.’ More than two decades later, these borrowers were still paying their loans.”
“Working people with student loan debt have been made collateral damage by a dysfunctional student loan system,” said Persis Yu, Deputy Executive Director and Managing Counsel with the Student Borrower Protection Center.
Tom Shapiro, a Brandeis University professor and author of several reports examining the nation’s nagging racial wealth gap, offered in earlier research a succinct summary of Black America’s financial disparities.
“As somebody who has looked at racial wealth inequality for a long time, I didn’t have to think long and hard about why that would be the case,” Shapiro says. “African American and Latinx student borrowers finish higher education at a lower rate and come out with higher debt. So, they pay more for college and get less out of it.”
Charlene Crowell is a senior fellow with the Center for Responsible Lending. She can be reached at Charlene.crowell@responsiblelending.org.
The post Black Borrowers May Be Biggest Beneficiaries of Biden Student Loan Forgiveness appeared first on Forward Times.
The post Black Borrowers May Be Biggest Beneficiaries of Biden Student Loan Forgiveness first appeared on BlackPressUSA.
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PRESS ROOM: New AARP Pennsylvania Poll: Black Voters 50+ Say Social Security, Inflation, and Medicare Will Influence 2024 Vote
NNPA NEWSWIRE — “With inflation and the rising costs of living squeezing all Pennsylvania households, Black voters 50+ are clearly looking for leaders with a plan,” said Bill Johnston-Walsh, AARP Pennsylvania State Director. “Candidates would be wise to listen to their opinions and concerns if they want to win in November.”
The post PRESS ROOM: New AARP Pennsylvania Poll: Black Voters 50+ Say Social Security, Inflation, and Medicare Will Influence 2024 Vote first appeared on BlackPressUSA.
AARP Pennsylvania’s first 2024 election survey shows that candidates should pay close attention to Pennsylvanian voters ages 50 and older and highlights the priorities and concerns of Black voters ages 50 and older that will likely influence the outcome of the 2024 elections. Seventy-nine percent of Black voters in Pennsylvania are extremely motivated to vote this year. When asked about the issues that are important as they decide whom to vote for this November, older Black voters cited Social Security (92% say extremely or very important), Medicare (89%), policies to help seniors live independently at home as they age (87%), the cost of prescription drugs (86%) as key issues. Social Security and Medicare emerged as their top priority issue in their vote for Senate this year, with nearly twice as many Black voters 50+ choosing Social Security and Medicare as any of the other dozen issues tested.
“With inflation and the rising costs of living squeezing all Pennsylvania households, Black voters 50+ are looking for leaders with a plan,” said Bill Johnston-Walsh, AARP Pennsylvania State Director. “Candidates would be wise to listen to their opinions and concerns if they want to win in November.” Among Black voters 50+, President Joe Biden (D) leads former President Donald Trump (R) by a large margin: 84% to 8%. In the race for U.S. Senate, Senator Bob Casey (D) leads Dave McCormick 87% to 7%.
Other key takeaways include:
- 96% of Black voters 50+ say they are more likely to vote for a candidate for the U.S. Senate who advocated making sure workers get the Social Security they paid for through a lifetime of hard work.
- Four of the five issues measured as cost concerns are important to many Black voters 50+: health care/prescription drugs, utilities, food, and housing; and
- 58% of Black voters 50+ are worried about their financial situation including 63% of women. Health care/prescription drugs and housing are the biggest cost concerns.
- 66% of Black voters 50+ and 73% of Black voters 65+ say Social Security is or will be a major source of their income.
AARP commissioned the bipartisan polling team of Fabrizio Ward & Impact Research to conduct a survey. The firms interviewed 1,398 likely Pennsylvania voters, which includes a statewide representative sample of 600 likely voters, with an oversample of 470 likely voters aged 50 and older and an additional oversample of 328 Black likely voters aged 50 and older, between April 24-30, 2024. The interviews were conducted via landline, cellphone, and SMS-to-web. The margin of sampling error for the 600 statewide samples is ±4.0%; for the 800 total sample of voters 50+ is ±3.5%; for the 400 total sample of Black voters 50+ is ±4.9%.
View the full survey results at aarp.org/PApolling.
For more information on how, when, and where to vote in Pennsylvania, visit aarp.org/PAVotes.
The post PRESS ROOM: New AARP Pennsylvania Poll: Black Voters 50+ Say Social Security, Inflation, and Medicare Will Influence 2024 Vote first appeared on BlackPressUSA.
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Calif. Anti-Sex Trafficking Advocates Discuss Competing Bills, Strategies
OAKLAND POST — “It is time to send a thorough message that if you seek to buy a child for sex, you will pay the highest criminal penalties in this state,” said the Rev. Shane Harris, a San Diego-based activist, former foster youth and founder of the Peoples Association of Justice Advocates, (PAJA), a national civil rights organization and policy think tank. Harris, who was speaking at a rally at the State Capitol earlier this month, was speaking in support of Senate Bill 1414, authored by Sen. Shannon Grove (D-Bakersfield), which calls for people who buy sex from minors to be punished with a felony. The punishment includes a two-year prison sentence and a $25,000 fine.
The post Calif. Anti-Sex Trafficking Advocates Discuss Competing Bills, Strategies first appeared on BlackPressUSA.
By Bo Tefu, California Black Media | The Oakland Post
Advocates from across California are challenging state officials and community leaders to support legislation that provides resources and services for survivors and victims of human trafficking, as well as assistance as they transition back into civil society.
Some of those advocates are also calling for more effective state policy to curtail trafficking, a crime that has an outsized impact on Black children, particularly girls.
According to the FBI, a report covering a two-year period found Black children accounted for 57% of all juvenile arrests for prostitution. In addition, 40% of sex trafficking victims were Black and 60% of those victims had been enrolled in the foster care system.
“It is time to hold the perpetrators who take advantage of our children accountable,” said the Rev. Shane Harris, a San Diego-based activist, former foster youth and founder of the Peoples Association of Justice Advocates, (PAJA), a national civil rights organization and policy think tank.
“It is time to send a thorough message that if you seek to buy a child for sex, you will pay the highest criminal penalties in this state,” added Harris who was speaking at a rally at the State Capitol earlier this month. Harris was speaking in support of Senate Bill 1414, authored by Sen. Shannon Grove (D-Bakersfield), which calls for people who buy sex from minors to be punished with a felony. The punishment includes a two-year prison sentence and a $25,000 fine.
Harris said the PAJA is the only civil rights organization in the state that supports SB 1414.
Harris urged other Black-led groups who favor anti-trafficking legislation more focused on criminal justice reforms (as opposed to stiffer penalties), to “join the movement.”
Many of those civil rights groups fear that SB 1414 could lead to the incarceration of more Black youth.
Those sentiments were echoed in a panel discussion organized by Black women advocates on April 26 to examine the cause and effects of human trafficking in California’s Black communities. The virtual event was hosted by the Forgotten Children, Inc, a faith-based nonprofit that advocates for survivors and victims of human trafficking through anti-trafficking campaigns and initiatives.
Panelists shared the psychological impact of sexual exploitation on youth and children in the long term.
Author and educator Dr. Stephany Powell shared statistics and information revealing that African American women and girls are the most trafficked nationwide.
Powell, who serves as the senior advisor on law enforcement and policy at the National Center on Sexual Exploitation said that national data indicates that sex trade survivors are disproportionately women of color. She stated that male survivors often go unnoticed because boys rarely report trafficked crimes.
Powell said that decriminalizing prostitution in California could increase human trafficking. She argued that Senate Bill 357, authored by Sen. Scott Wiener (D-San Francisco), which was signed into law in 2022 and legalized loitering for prostitution, caused a surge in street-level prostitution.
Panelist and psychologist Dr. Gloria Morrow shared opposing views on decriminalizing prostitution. She said that decriminalizing prostitution could help survivors gain access to state resources and support.
Despite opposing views, Powell and Morrow agree that the Black community needs resources and educational programs to address human trafficking.
The post Calif. Anti-Sex Trafficking Advocates Discuss Competing Bills, Strategies first appeared on BlackPressUSA.
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The TINA TURNER Musical Reveals Trials and Triumphs
THE OKLAHOMA EAGLE — The 1993 movie “What’s Love Got to Do with It” portrayed the relationship between Ike and Tina Turner as abusive before their breakup. Ike was also said to victimize Tina, as she shared in a 2018 interview with Oprah Winfrey. But Deon Releford-Lee, the actor who plays Ike in the Broadway musical, says there is more to Ike’s story than is told on screen. In preparing for the part, the Broadway actor searched for the triggers that made Ike who he was known to be.
The post The TINA TURNER Musical Reveals Trials and Triumphs first appeared on BlackPressUSA.
By Kimberly Marsh | The Oklahoma Eagle
According to Tulsans who knew him and the actor who plays him in the musical Tina, The Tina Turner Musical, Ike Turner may have had multiple sides to his personality. However, the Ike Turner the public has seen is a violent man.
The arc of Tina Turner’s career is well-known. Although Ike’s story is lesser known, he had a powerful influence on Tina’s life and career. They had a family together, and he witnessed Tina rise to superstardom.
The 1993 movie, “What’s Love Got to Do with It,” portrayed the relationship between Ike and Tina Turner as abusive before their breakup. Ike was also said to victimize Tina, as she shared in a 2018 interview with Oprah Winfrey. But Deon Releford-Lee, the actor who plays Ike in the Broadway musical, says there is more to Ike’s story than is told on screen. In preparing for the part, the Broadway actor searched for the triggers that made Ike who he was known to be.
Ike is part of the musical until the breakup and the start of Tina’s solo career in the second act. Because of the problematic themes of domestic violence, the musical is recommended for ages 14 and older.
Ike Turner
In an interview with The Oklahoma Eagle, Releford-Lee said playing Ike Turner was a healing experience for him. While “villains” have challenging roles, Releford-Lee said it is liberating in some respects, and he embraces the challenge.
“I have a wealth of knowledge of difficult things to play. My focus is to do as much…research as possible to figure out who this human was, what happened in his path, and what maybe led him to the places to do some of the horrible things he did. Not to excuse their behavior because it’s deplorable, right? We don’t just walk around hating people, throwing them around, forcing them, and manipulating them to do things,” Releford-Lee said. He described Ike’s aggressive behavior, especially with his wife.
Channeling that aggressive hyper-masculine energy takes a toll but also frees Releford-Lee to be softer, more feminine, more free, and more in touch with his emotions off-stage. Having played many villains in the past, he said he learned to become “Okay with my ugliness because that ugliness is in all of us.”
“Ike was a Black man who wrote music and was one of the fathers of Rock ‘n’ Roll but never received the credit,” Releford-Lee said. As Tina took center stage and became the superstar she was, Ike was overlooked.
“Those are the things that I focus on to help ground me in the (character) because being rejected for being Black, being talented, being othered, is something that I can connect to.”
Tulsa Connections
In an article published in June 2023 following Tina’s death, The Oklahoma Eagle Editor Gary Lee reflected on the days when the Ike and Tina Revue came to Tulsa and performed at the Big Ten Ballroom. The Ike and Tina Revue was a Big Ten headliner several times in the 1960s, and they performed together until their 1976 divorce.
Tulsa musician and radio personality Bobby Eaton Jr. knew them both and witnessed much of what was happening around them on the road. Eaton recently held a launch party for his new band, Eaton Out. During the performance, he recounted working with Ike and Tina Turner as the youngest guy in the band. Eaton said he appreciated Ike as a band leader, a musician/composer, and a businessman who showed him the ropes in the industry. But Eaton acknowledged that the relationship was not easy.
“Tina was there, and a lot of fights and a lot of crazy stuff went on back in those days, but at the same, I couldn’t wait to get away because they had too much drama going on.”
Singer Michelle Love, a/k/a Sweet Randi Love, became an Ikette in 1993 and knew him during the last decade of his life when he revived his career as a frontman. She joined the band despite being familiar with the tumultuous relationship Tina described.
“We were more like a family unit. When it came to work, though, he was a real hard ass. I don’t want to say it like that. But you know what I mean? He was serious when it came to work. As far as that goes, he didn’t play any games because he was like, this is me on stage, and it represents me.
“After the Tina stuff, Ike was self-conscious…about every little thing that he did because he had already gotten kind of a bad rap behind the movie. So, he was a real stickler as far as that goes,” Love said, “But when it was time for everybody to go home and we were calming down, Ike was just a big old teddy bear. Honestly, he was really. I think a lot of what he went through, you know, in the past team as well, had a lot to do with his insecurities. During the Jim Crow days, he went through quite a bit. So, there’s a lot that people don’t know about him. As far as his background story goes, I’m not trying to take away from Tina’s background story because she has a story to tell, but it might explain why he was the way he was.”
Ike was released from prison in 1991 after serving 18 months for drug offenses. Cocaine was his drug of choice, and it flowed freely, in large quantities, around him. Ike’s drug addiction relapse in 2004 led to his drug overdose in 2007.
Love has returned to Tulsa and continues to sing and perform with Sweet Randi Love and The Love Thang band.
About Deon Releford-Lee
Releford-Lee attended Fayetteville State University in North Carolina, an HBCU. At the university, he studied dance and theater. He began working professionally when he was still not old enough to play certain roles, portraying more mature characters. Although getting attention was difficult, he worked his way from ensemble to lead roles. A move to New York City followed, leading to his current role as Ike.
Deon Releford-Lee plays Ike Turner in the TPAC production TINA: The Tina Turner Musical.
Releford-Lee plays Ike full-time every night but has two understudy actors for this incredibly physical and emotional role. A self-described Bohemian, Releford-Lee’s personality is very different from Ike’s, and he is shocked when audience members have no idea who he is when the cast goes out to greet them.
Following a night onstage, he does breathwork to unwind and get out of character, which can take about 15 minutes to exit.
“I realized that when I’m feeling anxious, it’s mostly because physically I’m not breathing at all. I’m holding my breath, so I’m just reminding myself to breathe. I’m someone who doesn’t leave the theater right away. I just kind of sit there for a bit, take off my costume, take off my wig, put my jewelry on, put my own clothes back on, and just kind of sit and listen to music, and then move on.”
Releford-Lee said people will learn a little more through Ike’s backstory, how the industry treated him, and why he was the way he was.
“And in the same breath, you’re also seeing him being manipulative and hurtful. And the audience is kind of on his side in one second, and then the very next second, betrayed by him.
“I love the moment where Tina and Ike first meet because you see them laughing, you see them enjoying each other. It’s one of the only times of fun between them. And I think that’s beautiful. I love watching Tina discover herself in the second act.”
Celebrity Attractions describes “Tina-The Tina Turner Musical” as the inspiring journey of a woman who broke barriers and became the Queen of Rock ‘n’ Roll. “Set to the pulse-pounding soundtrack of her most beloved hits, this electrifying sensation will send you soaring to the rafters.” Tina Turner won 12 Grammy Awards and her live shows were seen by millions, with more concert tickets sold than any other solo performer in music history. Featuring her songs, “Tina–The Tina Turner Musical” is written by Pulitzer Prize-winning playwright Katori Hall and directed by the internationally acclaimed Phyllida Lloyd.
The post The TINA TURNER Musical Reveals Trials and Triumphs first appeared on BlackPressUSA.
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