In collaboration with activist group the Debt Collective, Morehouse College has made a groundbreaking move to alleviate the student loan debt of nearly 3,000 of its college attendees.
This initiative targets outstanding account balances for the 2022 fall term and previous years, with Morehouse College contributing close to $10 million toward this relief effort
The Debt Collective spokesperson, Braxton Brewington, highlighted that erasing these balances will significantly expand financial opportunities and enable Black men and women to pursue homeownership. He emphasized that substantial student debt undermines the promise of education, particularly for Morehouse College and Black graduates of Historically Black Colleges and Universities (HBCUs). Brewington urged President Biden to fulfill his campaign promise to eliminate all student debt held by HBCU graduates, noting that the Debt Collective has taken substantial action in this regard.
Morehouse College partners with Debt Collective
While President Biden pledged to eliminate student debt for borrowers from private colleges, universities, and private HBCUs, Brewington believes there’s still room for him to address the financial strain experienced by Black Americans due to student loans. The Debt Collective and its sister project, the Rolling Jubilee Fund, have previously partnered with Bennett College, canceling $1.7 million in student debt for 462 students. Notably, the debts addressed in these collaborations were directly owed to Morehouse College and did not involve federal loans. This move underscores the potential power of the executive branch to alleviate the weight of student loans for the broader public.
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