#NNPA BlackPress
Biden Student Debt Forgiveness Plan Begins, Not Ends
NNPA NEWSWIRE — The good news is that of the 43 million people affected by the executive action, 20 million borrowers will have all of their debt cancelled. Many of these borrowers incurred student loans but dropped out of school, left with thousands in debt and lower earnings due to the lack of a degree.
The post Biden Student Debt Forgiveness Plan Begins, Not Ends first appeared on BlackPressUSA.

States Must Increase Funding, Hold More Bad Actors Accountable
By Charlene Crowell
President Joe Biden’s recent student debt cancellation announcement elicited a diverse range of reactions– some congratulatory, others critical, and still others that seem unsure what to make of the unprecedented multi-billion-dollar effort.
Predictably, long-time education and civil rights advocates spoke to the need for additional reforms, while others wondered about cancellation’s impact on an already troubled economy. Families struggling with the rising cost of living and deepening student debt –have only a few months to make household budget adjustments before loan payments resume in January.
The good news is that of the 43 million people affected by the executive action, 20 million borrowers will have all of their debt cancelled. Many of these borrowers incurred student loans but dropped out of school, left with thousands in debt and lower earnings due to the lack of a degree.
Another 27 million people from working class backgrounds who received Pell grants are assured of up to $20,000 in debt relief.
But these actions do not resolve the structural mismatch between the still-rising costs of college, limited family financial means to contribute to that cost, and the availability of financial aid other than interest-bearing loans.
“We’ve all heard of those schools luring students with a promise of big paychecks when they graduate only to watch these students be ripped off and left with mountains of debt,” stated President Biden on August 24. “Well, last week, the Department of Education fired a college accreditor that allowed colleges like ITT and Corinthian to defraud borrowers…Our goal is to shine a light on the worst actors so students can avoid these debt traps.”
It seems like a perfect time for the Department of Education to clean house of all the bad higher education actors — especially costly for-profit institutions that promise a lot but deliver little, and accreditors that fail to do their jobs.
On August 30, following President Biden’s announcement, the Department of Education took action against another defunct for-profit: Westwood College. This trade school lured unsuspecting students into costly debt from January 1, 2002 through November 17, 2015 when it stopped enrolling new borrowers in advance of its 2016 closure. The Department found widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects.
“Westwood College’s exploitation of students and abuse of federal financial aid place it in the same circle of infamy occupied by Corinthian Colleges and ITT Technical Institute,” said Under Secretary James Kvaal. “Westwood operated on a culture of false promises, lies, and manipulation in order to profit off student debt that burdened borrowers long after Westwood closed.”
Now, 79,000 Westwood borrowers will benefit from $1.5 billion in debt cancellation, thanks to the Department.
Changes to Public Service Loan Forgiveness (PSLF) Program rules will allow borrowers that would not otherwise qualify, to receive credit for past periods of repayment. Interested borrowers and their families can get more information on the program’s information page, but they must act by October 31. Details on the time-limited offer are available at:https://studentaid.gov/announcements-events/pslf-limited-waiver.
But individual states must do their part as well. Across the nation, state revenues are flush with surpluses.
“I don’t think there’s been a time in history where states are better equipped to ride out a potential recession,” said Timothy Vermeer, senior state tax policy analyst at the Tax Foundation, a Washington, D.C.-based think tank. “A majority, if not all, of the rainy-day funds are in a really healthy position.”
Additionally, and according to the 2021 edition of the annual State Higher Education Finance (SHEF) report, short-changing higher education funding at the state level will likely lead to worse, not better results. The report tracks enrollment trends, funding levels and distributions of state institutions.
“Generous federal stimulus funding protected state revenues and directly supported higher education, reducing states’ need to cut funding during the pandemic and short economic recession,” states the report’s news release. “However, sharp declines in student enrollment and net tuition and fee revenue signal continued upheaval for public higher education revenues.”
Federal stimulus funding during the pandemic boosted state education appropriations, but only 8.9 percent of state aid to public institutions in 2021 went toward providing student financial aid, according to SHEF. And without federal stimulus funds, state education appropriations would have declined by one percent in 2021 if full-time enrollment had held constant, according to the report.
“States vary in their relative allocations to higher education,” states the report. “Public institutions in some states remain primarily publicly funded, but a growing proportion have become primarily reliant on student tuition and fee revenue over the last two decades.”
The report notes that while federal stimulus and relief funds are helpful, they cannot be a replacement for long-term state investments, because stimulus funds are time-limited and often restricted in their use.
If we want to end the student debt trap, now is the time for citizens to challenge states to use their tax revenue to do more for their own constituents.
Charlene Crowell is a senior fellow with the Center for Responsible Lending. She can be reached at Charlene.crowell@responsiblelending.org.
The post Biden Student Debt Forgiveness Plan Begins, Not Ends first appeared on BlackPressUSA.
#NNPA BlackPress
Chavis and Bryant Lead Charge as Target Boycott Grows
BLACKPRESSUSA NEWSWIRE — Surrounded by civil rights leaders, economists, educators, and activists, Bryant declared the Black community’s power to hold corporations accountable for broken promises.

By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent
Calling for continued economic action and community solidarity, Dr. Jamal H. Bryant launched the second phase of the national boycott against retail giant Target this week at New Birth Missionary Baptist Church in Atlanta. Surrounded by civil rights leaders, economists, educators, and activists, Bryant declared the Black community’s power to hold corporations accountable for broken promises. “They said they were going to invest in Black communities. They said it — not us,” Bryant told the packed sanctuary. “Now they want to break those promises quietly. That ends tonight.” The town hall marked the conclusion of Bryant’s 40-day “Target fast,” initiated on March 3 after Target pulled back its Diversity, Equity, and Inclusion (DEI) commitments. Among those was a public pledge to spend $2 billion with Black-owned businesses by 2025—a pledge Bryant said was made voluntarily in the wake of George Floyd’s murder in 2020.“No company would dare do to the Jewish or Asian communities what they’ve done to us,” Bryant said. “They think they can get away with it. But not this time.”
The evening featured voices from national movements, including civil rights icon and National Newspaper Publishers Association (NNPA) President & CEO Dr. Benjamin F. Chavis Jr., who reinforced the need for sustained consciousness and collective media engagement. The NNPA is the trade association of the 250 African American newspapers and media companies known as The Black Press of America. “On the front page of all of our papers this week will be the announcement that the boycott continues all over the United States,” said Chavis. “I would hope that everyone would subscribe to a Black newspaper, a Black-owned newspaper, subscribe to an economic development program — because the consciousness that we need has to be constantly fed.” Chavis warned against the bombardment of negativity and urged the community to stay engaged beyond single events. “You can come to an event and get that consciousness and then lose it tomorrow,” he said. “We’re bombarded with all of the disgust and hopelessness. But I believe that starting tonight, going forward, we should be more conscious about how we help one another.”
He added, “We can attain and gain a lot more ground even during this period if we turn to each other rather than turning on each other.” Other speakers included Tamika Mallory, Dr. David Johns, Dr. Rashad Richey, educator Dr. Karri Bryant, and U.S. Black Chambers President Ron Busby. Each speaker echoed Bryant’s demand that economic protests be paired with reinvestment in Black businesses and communities. “We are the moral consciousness of this country,” Bryant said. “When we move, the whole nation moves.” Sixteen-year-old William Moore Jr., the youngest attendee, captured the crowd with a challenge to reach younger generations through social media and direct engagement. “If we want to grow this movement, we have to push this narrative in a way that connects,” he said.
Dr. Johns stressed reclaiming cultural identity and resisting systems designed to keep communities uninformed and divided. “We don’t need validation from corporations. We need to teach our children who they are and support each other with love,” he said. Busby directed attendees to platforms like ByBlack.us, a digital directory of over 150,000 Black-owned businesses, encouraging them to shift their dollars from corporations like Target to Black enterprises. Bryant closed by urging the audience to register at targetfast.org, which will soon be renamed to reflect the expanding boycott movement. “They played on our sympathies in 2020. But now we know better,” Bryant said. “And now, we move.”
#NNPA BlackPress
The Department of Education is Collecting Delinquent Student Loan Debt
BLACKPRESSUSA NEWSWIRE — the Department of Education will withhold money from tax refunds and Social Security benefits, garnish federal employee wages, and withhold federal pensions from people who have defaulted on their student loan debt.

By April Ryan
Trump Targets Wages for Forgiven Student Debt
The Department of Education, which the Trump administration is working to abolish, will now serve as the collection agency for delinquent student loan debt for 5.3 million people who the administration says are delinquent and owe at least a year’s worth of student loan payments. “It is a liability to taxpayers,” says White House Press Secretary Karoline Leavitt at Tuesday’s White House Press briefing. She also emphasized the student loan federal government portfolio is “worth nearly $1.6 trillion.” The Trump administration says borrowers must repay their loans, and those in “default will face involuntary collections.” Next month, the Department of Education will withhold money from tax refunds and Social Security benefits, garnish federal employee wages, and withhold federal pensions from people who have defaulted on their student loan debt. Leavitt says “we can not “kick the can down the road” any longer.”
Much of this delinquent debt is said to have resulted from the grace period the Biden administration gave for student loan repayment. The grace period initially was set for 12 months but extended into three years, ending September 30, 2024. The Trump administration will begin collecting the delinquent payments starting May 5. Dr. Walter M. Kimbrough, president of Talladega College, told Black Press USA, “We can have that conversation about people paying their loans as long as we talk about the broader income inequality. Put everything on the table, put it on the table, and we can have a conversation.” Kimbrough asserts, “The big picture is that Black people have a fraction of wealth of white so you’re… already starting with a gap and then when you look at higher education, for example, no one talks about Black G.I.’s that didn’t get the G.I. Bill. A lot of people go to school and build wealth for their family…Black people have a fraction of wealth, so you already start with a wide gap.”
According to the Education Data Initiative, https://educationdata.org/average-time-to-repay-student-loans It takes the average borrower 20 years to pay their student loan debt. It also highlights how some professional graduates take over 45 years to repay student loans. A high-profile example of the timeline of student loan repayment is the former president and former First Lady Barack and Michelle Obama, who paid off their student loans by 2005 while in their 40s. On a related note, then-president Joe Biden spent much time haggling with progressives and Democratic leaders like Senators Elizabeth Warren and Chuck Schumer on Capitol Hill about whether and how student loan forgiveness would even happen.
#NNPA BlackPress
VIDEO: The Rev. Dr. Benjamin F. Chavis, Jr. at United Nations Permanent Forum on People of African Descent
https://youtu.be/Uy_BMKVtRVQ Excellencies: With all protocol noted and respected, I am speaking today on behalf of the Black Press of America and on behalf of the Press of People of African Descent throughout the world. I thank the Proctor Conference that helped to ensure our presence here at the Fourth Session of the […]

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