The student debt crisis has a disproportionate impact on Black borrowers and their families. Across all racial groups, Black borrowers hold the most student loan debt despite also being consistently underserved by postsecondary institutions.
President Joe Biden has canceled up to $20,000 in federal student debt for Pell Grant recipients and $10,000 for other borrowers making less than $125,000 per year. The repayment pause is extended to December 31, 2022, but when payments restart, they will be capped at 5% of the borrower's monthly income.
You voted and rallied - and it's because of you we've seen this first step in student debt relief. Let's keep going. Find resources, statistics, and stories below.