Showing 36 results for:
student-loan-forgiveness
Popular topics
All results
The five-year pause is over. And for more than 5 million Americans, it’s about to get real. Starting May 5, the Department of Education will resume student loan debt collection for borrowers in default. These are individuals who haven’t made payments in at least 270 days. After years of pandemic-era relief dating back to 2020, the federal government is flipping the switch back on. This time, it’s bringing wage garnishments, seized tax refunds, and a wave of financial pressure with it. This isn’t just a policy shift for people already juggling rent, groceries, and gas; it’s a potential financial blow. The Government’s Warning Shot About Student Loan Debt ABC News reports that emails will go out to borrowers over the next two weeks. If you’re in default, you’ll be asked to either make a payment or enter a repayment plan. But if you don’t? The government has clarified that it will begin collecting through legal mechanisms like intercepting tax refunds , dipping into Social Security,...
A resource for minority-owned businesses may be impacted due to a new round of federal job cuts. Inc. reports new changes are underway at the Minority Business Development Agency (MBDA), which was first established in 1969 by former President Richard Nixon. Under former President Joe Biden’s administration alone, the MBDA helped provide 23,000 jobs and $3.2 billion in contracts to minority enterprises, the outlet notes. The Trump administration sent an email on April 17, 2025, stating that federal grants to the agency, which operated about 38 business centers, were being dismantled, as the administration believes the funding is “no longer consistent with the agency’s priorities and no longer serves the interest of the United States and the MBDA program.” President Donald Trump’s orders will be a drastic hit to many Black and other entrepreneurs of color. Louisiana’s business center, which worked with hundreds of businesses, was told the MBDA is “repurposing its funding allocations...
PepsiCo representatives met with civil rights leaders from the National Action Network (NAN) after Reverend Al Sharpton threatened to lead a boycott over the company’s decision to scale back parts of its diversity, equity, and inclusion (DEI) initiatives . After sending a letter to the food and beverage brand on April 4, 2025, outlining details of the intended boycott, Sharpton issued a statement on Tuesday, April 15, saying that he and several members of NAN had a “constructive conversation” lasting over an hour with PepsiCo Chairman Ramon Laguarta and PepsiCo North America CEO Steven Williams. During the meeting at PepsiCo’s global headquarters in Purchase, NY, they had a chance “to discuss our grievances over reports they were rolling back nearly $500 million in DEI commitments .” “We agreed to follow up meetings within the next few days,” Sharpton wrote. “After that continued dialogue, NAN Chairman Dr. W. Franklyn Richardson and I, both former members of the company’s African...
The 170 million TikTok users in the U.S., according to NBC News, will have access to the app for at least another 75 days. Is TikTok Getting Banned Tomorrow? On Friday, April 4, 2024, President Donald Trump announced plans to sign an executive order giving ByteDance, the China-based owner of TikTok, an additional 75 days to find a non-Chinese buyer. “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump wrote in a TruthSocial post. “The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.” On April 24, 2024, former President Joe Biden signed a law requiring ByteDance to sell the app to a U.S. company within one year or risk a ban, AFROTECH™ previously reported. Lawmakers and national security experts have expressed concerns over China’s potential access to ByteDance’s U.S. user data and its ability to...
Performance review season is underway for U.S. staff at TikTok and its Chinese parent company, ByteDance , with low-scoring employees being forced into a performance-improvement plan (PIP) or offered severance. TikTok conducts employee reviews twice a year, and last year, the company instructed managers to assign more low scores during the review cycles, according to Business Insider. Three current employees told the outlet that accepting a PIP instead of severance is uncommon because it is tough to succeed under a PIP. “They’ll PIP people, and then they’ll hire new people, and then they’ll continue this meat grinder of performance reviews,” one staffer said. The employees reported that the value of the offers varied, with one including a month of “garden leave,” where the employee remains on payroll without needing to work, and an additional one-month severance payout as part of a mutual separation agreement. A TikTok spokesperson confirmed that the company is implementing PIPs but...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Peter Drucker, the Austrian management consultant whose writings helped shape modern management theory, once said, “If you can’t measure it, you can’t improve it.” This quote aptly describes the impact of the U.S. Justice Department’s decision to delete the National Law Enforcement Accountability Database. Created under the Biden administration and initially proposed by Donald Trump during his first term, the database was designed to hold federal police accountable for infractions and prevent bad officers from moving between jobs without oversight. By maintaining a record accessible to hiring authorities, the system aimed to improve transparency and accountability. However, the U.S. Justice Department provided no rationale for why it was decommissioned. The reasoning behind this decision may lie in the leadership of the U.S. Justice Department. Pam Bondi, a former Trump’s campaign official and the...
Hurricane Katrina devastated New Orleans, LA, in August 2005, wiping out 200,000 trees. While the city has faced challenges in restoring its tree canopy, efforts were underway thanks to a $75 million grant from the U.S. Forest Service to the Arbor Day Foundation that aimed to plant trees in neighborhoods without the resources to afford them, according to The Associated Press. However, the U.S. Department of Agriculture has, at least for now, terminated the funding to comply with President Donald Trump’s executive order focused on banning diversity, equity, and inclusion (DEI) efforts within the federal government. “Protecting the people and communities we serve, as well as the infrastructure, businesses, and resources they depend on to grow and thrive, remains a top priority for the USDA and the Forest Service,” the USDA said, per AP. Trees offer various benefits, including cleaning the air in polluted areas, capturing stormwater and replenishing groundwater, and providing shade...
Student loan borrowers may be experiencing whiplash this year, as the rules and guidelines for repayment have continued to see massive sweeping changes. If you’ve been following along with political news in recent months, you’re likely already aware of the fact that president Donald Trump has plans to dismantle – and perhaps entirely abolish , the Department of Education. This is a far cry from Joe Biden’s economic plans , which included wiping out millions in student loan debt over the course of his term, and setting the stage for additional loan forgiveness down the line. Whether you’re a borrower concerned about your financial future, or just a passive onlooker questioning the economic impact of Trump’s many executive orders , you may be interested in what happens to unpaid student loans when and if the Department of Education goes the way of the dodo bird. Luckily we’ve got you covered, with a comprehensive look into the history of the Department of Education, what Trump is...
Black residents in Chicago, IL, will be able to invest their dollars in its first casino. The TRiiBE reports locals gathered for an information session hosted by City Treasurer Melissa Conyears-Ervin and members of the Chicago Aldermanic Black Caucus to buy shares in Bally’s Casino, a $1.6 billion project in the 21st Ward that will also feature a hotel, a 3,000-seat theater, and a Riverwalk extension to Chicago Ave. A requirement for the casino is that at least 25% of the investment must come from minorities and women. “Tonight is about a new opportunity on how to participate, about not just being a consumer but to be an owner,” Ald. Ronnie Mosley (21st Ward) said at the pulpit of Third Baptist Church, according to the outlet. Conyears-Ervin added: “Remember when they legalized marijuana a few years ago? We knew that we were the community that was affected the most by it, but we felt that we did not have access to being owners. Well, this, ladies and gentlemen, is quite different.”...
U.S. District Judge Linda Taylor has halted the Trump administration’s proposal to freeze federal loans and grants. In a ruling delivered on Tuesday, January 28, Judge Taylor condemned the policy as “arbitrary and capricious,” pointing to language from the administration’s memo that failed to sufficiently justify the freeze or address its potential impact on millions of Americans. This decision is a significant development in a case closely watched by students, homeowners, and small business owners nationwide. According to the Associated Press, the White House memo, dated earlier this month, proposed suspending federal loan and grant disbursements to “mitigate fiscal risk” and “streamline budgetary concerns.” Judge Taylor, however, pointed to specific language in the memo that acknowledged the policy would lead to “temporary disruptions” in funding for programs supporting vulnerable populations. In her decision, she highlighted that the administration’s justification failed to...
Microsoft reportedly has an interest in acquiring TikTok. According to BBC, President Donald Trump has revealed the tech company would like to purchase the platform and adds that there is “great interest in TikTok” from several companies.” At the time of this writing, Microsoft nor TikTok have confirmed or denied the matter. The update comes after 170 million users in the United States were temporarily left in the dark on Jan. 18, 2025, a day ahead of the app’s mandated ban by the U.S. government. As AFROTECH™ previously told you, last year former President Joe Biden signed a law requiring TikTok’s parent company, ByteDance, to sell the app to a U.S.-based company or it would be banned on Jan. 19 due to national security concerns. The Supreme Court unanimously voted to uphold the ban. Despite this, TikTok maintained its position on not selling to a U.S. company and took TikTok and its other applications — such as Marvel Snap, Lemon8, Hypic, and CapCut — offline in the U.S. The apps...
TikTok will remain operational for at least another 75 days following an order from President Donald Trump. On Monday, Jan. 19, 2025, during his first day in office , Trump — who has the authority to delay the ban for up to 90 days — ordered the federal government to pause enforcing the law that would ban TikTok nationwide, according to Forbes. The move gives ByteDance, the China-based owner of TikTok, more time to sell a stake in the platform or reach a deal with Trump. After signing the executive order, Trump said he believes the U.S. is entitled to 50% of TikTok and warned China that blocking any deal he may make would be considered an act of “hostility” and lead him to impose tariffs ranging from 25% to 100%, per Forbes. On Sunday, Jan. 20, Trump had promised to sign an executive order on Monday rescinding the ban, prompting TikTok to restore service for its more than 170 million American users after it initially took the app dark the night before. STATEMENT FROM TIKTOK: In...
Artificial Intelligence (AI) has increasingly blurred the line between truth and fiction. For example, deepfake technology is the creation of a video, audio, or image via machine learning that draws inspiration from a real person, as the U.S. Government Accountability Officer mentions. Examples of this include a fake Kamala Harris presidential campaign video that Elon Musk shared in July 2024 with his millions of followers on X. The footage included Harris labeling herself as a “DEI hire” and sharing negative remarks about President Joe Biden. “I, Kamala Harris, am your Democrat candidate for president because Joe Biden finally exposed his senility at the debate,” she said in the altered clip. The video amassed 131 million views, according to NBC News. Notably, it violated Musk’s own policies for X—acquired by him in 2022—which state, “You may not share synthetic, manipulated, or out-of-context media that may deceive or confuse people and lead to harm.” Deepfake technologies have...
On Wednesday, Dec. 4, President Joe Biden announced $600 million in new funding to support the Lobito Trans-Africa Corridor’s rail infrastructure. The Lobito Trans-Africa Corridor is a series of railway networks connecting the Central African Copperbelt to the Angolan port of Lobito. Known as the Benguela Railway , the rail line is essential for transporting goods to global markets. According to the White House, the investment will support key sectors in the region, including agriculture, clean energy, transportation and logistics, supply chains, as well as health and digital access. “The United States understands how we invest in Africa is just as important as how much we invest in Africa,” Biden said, as Bloomberg reported . “To help Africa lead the way. We need more capital and more infrastructure to deal with these real solutions. That’s why we’re here today.” The U.S. has invested $2.9 billion in Angola’s energy, infrastructure, and telecommunications sectors. Earlier this...
As a Black woman tech executive at Amazon, Mamar Gelaye is on a mission to diversify the industry. Gelaye, an Ethiopia native, has a decades-long career spanning more than 20 years that dates back to her time as a management consultant at Accenture. Her interest in technology was evident while attending the University of Tennessee, where she graduated with a bachelor’s degree in mechanical engineering. She even worked on a hybrid electric vehicle project during this time. Belief In Technology Her faith in the advancements of technology remained strong, and following her time at Accenture, she pursued roles that reflected this. “I just really understood that technology was going to transform a great deal. I just understood that software was gonna control the machine,” she explained. “So when I left management consulting, I went into large industrial companies that were kind of big manufacturing, but manufacturing through automation, through kind of transformational engineering.” In...