At their graduation on May 19, investor and chemical engineer Robert Smith announced he would pay off the student loan debt of Morehouse’s 2019 graduating class. (Photo: Video Screen capture / washingtonpost.com)
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VIDEO: Black Billionaire Robert Smith Pays Off Student Loan Debt of 400 Morehouse Students

NNPA NEWSWIRE — Morehouse’s graduating class is 400 strong. Smith’s graduation gift is one that will allow graduates of one of the most storied all-male historically Black college to start their careers with no student loan debt. […read more]

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Dr. Harry L. Williams is the president & CEO of Thurgood Marshall College Fund (TMCF), the largest organization exclusively representing the Black College Community. Prior to joining TMCF, he spent eight years as president of Delaware State University.
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OP-ED: Student Loan Debt is a Crisis!

NNPA NEWSWIRE — Finances should never be a barrier to graduation, nor should the financial impact of earning a college degree be a barrier for buying a home, saving money, starting a family, and having a good credit score. TMCF prides itself on building pipelines into good paying jobs but we also have to work to ensure that those students are able to truly reap the financial benefits of their achievements without having to pay off years of student loan debt. […read more]

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Economy

The high costs of student loan debt

MINNESOTA SPOKESMAN-RECORDER — For the Class of 2018, the average student borrower graduated with a debt of $29,800 in private and federal loans over the course of a bachelor’s degree. This is in addition to $35,600 in federal Parent PLUS loans approximately 14 percent of parents took out to support their children. […read more]

Op-Ed

As Loan Debts Rise, Foreclosures Dip

By Charlene Crowell NNPA Columnist     A new economic analysis by the New York Federal Reserve Bank found fewer foreclosures, bankruptcies and credit card delinquencies. However the rates of delinquent auto and student loans are worse than before. For most consumers, debt may seem Read More

Business

Americans in Debt

Shocking report declares 77 million U.S. citizens in debt by Ashley Montgomery Special to the NNPA from The Miami Times It is no secret that Americans have some serious issues when it comes to debt. A recent report released by the Urban Institute titled, “Delinquent Read More

Op-Ed

Student Loan Debt Reduces Lifetime Wealth

By Charlene Crowell NNPA Columnist A new research report on America’s still-growing student loan debt found that its financial effects can last a lifetime. According to Demos, a national, nonpartisan public policy organization, 39 million Americans have used student loans to fund college education. An Read More

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Op-Ed

Student Loan ‘Solution’ is Not Good Enough

by Julianne Malveaux NNPA Columnist The United States Senate finally stepped up to ensure that student loan rates would not double. There have been weeks of back and forth, but now Senators says they will tie student loan rates to the federal funds rate, which means Read More

National

Pell Grant Changes Will Slow Black Graduation Rates

by Maya Rhodan NNPA Washington Correspondent [Editor’s Note: This is the second of two stories by NNPA Washington Correspondents Freddie Allen and Maya Rhodan examining how federal loan problems are hurting Black students in college.] WASHINGTON (NNPA) – In many ways, the route Bonita Rex Read More

National

New Loan Policies Fail Black Students in College

by Freddie Allen NNPA Washington Correspondent [Editor’s Note: This is the first of two stories by NNPA Washington Correspondents Freddie Allen and Maya Rhodan examining how federal loan problems are failing Black students in college.] WASHINGTON (NNPA) – Like thousands of Black college students, Bethanie Read More

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Press Room

Wells Fargo Commits $520,000 for High School Students Across the U.S. to Use for College or Other Expenses

Media Natalie Brown natalie.m.brown@wellsfargo.com Wells Fargo Commits $520,000 for High School Students Across the U.S. to Use for College or Other Expenses CollegeSTEPSSM expanded sweepstakes runs April 1-June 30, 2013; 520 high school winners will each win a $1,000 cash prize San Francisco, April 1, 2013 – Wells Fargo Read More