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Joe Biden Administration Says It Has Managed To Cancel $15B In Student Loan Debt

Joe wants folks to know that he’s out here doing it! According to Complex, the Joe Biden administration has managed to cancel a total of $15 billion in student loan debt since taking office in 2021. A press release from the Department of Education also confirmed that more than 675,000 borrowers have come out on the winning end of his student loan forgiveness program. The news comes on the heels of President Biden’s move to extend the pause on student loan debt payments until May of this year. “Given these considerations, today my Administration is extending the pause on federal student loan repayments for an additional 90 days – through May 1. 2022 – as we manage the ongoing pandemic and further strengthen our economic recovery, ” he wrote. “Meanwhile, the Department of Education will continue working with borrowers to ensure they have the support they need to transition smoothly back into repayment and advance economic stability for their own households and for our nation.”

Jan 27, 2022

Banks Throw A Fit As Black Farmers Are Approved For The $4B Relief Plan That They Deserve

Justice for Black farmers! Following the $4 billion debt relief for Black farmers, The New York Times reports that banks are fighting back noting that quick repayments will cut into profits. The institutions are complaining that the government’s initiative to pay off the loans of those Black farmers who have faced decades of financial discrimination will not only hurt investors but cut into the bank’s profits. In March, Congress passed a $1.9 trillion stimulus package which includes the debt relief for the Black farmers and is intended to make things right for years of discrimination faced by all nonwhite farmers. Today, no money still has been received by those farmers. Aside from the drama with the banks, white farmers sued the U.S.D.A over the initiative claiming that they are victims of reverse discrimination. Now, three of the largest banking groups involved in the settlement have formed their own fight against the money that is rightfully owed to Black farmers. The American...

May 20, 2021

Delaware State University Cancels Over $700K In Student Debt For Recent Graduates

For recent Delaware State University (DSU) graduates, student debt will be less of a burden. According to the university , they will cancel up to $730,655 in student debt for recent graduates that have faced financial hardship during the COVID-19 pandemic. The historically Black university has used its stimulus funds from President Biden’s American Rescue plan to help its students by canceling their debt. Forbes reports that The Education Department updated guidance in March to allow institutions to use the money for different needs which includes canceling some student debt. “Too many graduates across the country will leave their schools burdened by debt, making it difficult for them to rent an apartment, cover moving costs, or otherwise prepare for their new careers or graduate school,” said Antonio Boyle, a vice president for the university. He also notes that 87 percent of DSU graduates either enter the career of their choice or enroll in graduate school within six months of...

May 17, 2021

For the First Time in the EPA's 50-Year History, a Black Man Will Lead the Agency

President Joe Biden has nominated a new chief administrator to step in for the Environmental Protection Agency. CNN reports that Michael Regan has been picked through a bipartisan confirmation vote of 66 to 34 for the role that will take aggressive action toward tackling America’s climate crisis. Thus, making him the first Black man and 16th administrator in the agency’s 50-year history to lead in such a capacity. According to the Washington Post, Lisa Jackson became the EPA’s first Black administrator during the years of former President Barack Obama’s term in office. Regan now follows in her footsteps bringing with him 20 years of experience working in the environmental protection sector. The seasoned environmental advocate, leader, and HBCU grad previously held the post spot of North Carolina’s Department of Environmental Quality. He also led the Environmental Defense Fund’s efforts to fight against the impact of the climate crisis and air pollution, according to the state’s...

Mar 12, 2021

Chiquita Brooks-LaSure Could Soon Become the First Black Woman to Run Medicare Services

Women are continuing to break barriers. Chiquita Brooks-LaSure could soon become the first Black woman to run Medicare Services, reports Business Standard. Brooks-LaSure has been selected by the Biden administration to lead the Centers for Medicare and Medicaid Services (CMS), which includes Medicaid, Medicare, the Affordable Care Act, and children’s health insurance. With an extensive career in government, Brooks-LaSure brings expertise from her start as managing director at the Manatt Health consultancy along with her roles in health policy through positions held at Congress, the White House, and CMS during the Obama administration. She also served as a member of Biden’s transition landing team for the Department of Health and Human Services. In her role as head of CMS — the agency that oversees government health insurance programs for 1 out of 3 Americans — Brooks-LaSure will play a monumental part in decimating the $4 trillion U.S. health care economy. CMS is responsible for...

Feb 23, 2021