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OP-ED: Relieving the burden of student loan debt

Over 50% of Black borrowers report their net worth is less than they owe in student loan debt. Also, Black students are more likely to borrow, and borrow larger amounts, relative to other racial or ethnic subgroups. Black college graduates owe an average $25,000 more in student loan debt than white college graduates. Four years after graduation, 48% of Black borrowers owe an average of 12.5% more than they borrowed.

Posted in#NNPA BlackPress, Commentary, Community, Coronavirus, COVID-19, Dr. Benjamin F. Chavis Jr., Featured, Health, National, News, NNPA, NNPA Newswire, Op-Ed, Politics

OP-ED: A Black Happy Thanksgiving 2021

NNPA NEWSWIRE — Poverty and unemployment within our families and communities are now on a steady decrease after years of increasing economic disparities even before the devastating impact of COVID-19 on Black America. We express our condolences to those families who have suffered deaths from that deadly pandemic that continues to disproportionately hit our communities.

Posted in#NNPA BlackPress, Business, Community, Education, Featured, Financial Management, National, News, NNPA, NNPA Newswire, Politics, Stacy Brown

Major Changes Announced to U.S. Department of Education’s Loan Forgiveness Plan

NNPA NEWSWIRE — In total, the Department estimates that over 550,000 borrowers who have previously consolidated will see an increase in qualifying payments with the average borrower receiving another two years of progress toward forgiveness.

Posted in#NNPA BlackPress, Black Experience, Black History, Business, Community, Coronavirus, COVID-19, Economy, Featured, Health, Howard University News Service, National, News, NNPA, NNPA Coronavirus Task Force, NNPA Newswire

Black Businesses Continue to Face Down the Pandemic

HOWARD UNIVERSITY NEWS SERVICE — H&R Block conducted a study that revealed more than half of Black-owned businesses experienced at least 50% decrease in revenue during the pandemic compared to 37% of White business owners.

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