The cost of higher education is skyrocketing, while the opportunity for grants and other funding continues to decline. As a result, more students have no choice but to turn to loans to pay for postsecondary education, which often leaves them with unmanageable debt at the beginning of their adult lives; making the likelihood of economic prosperity and generational wealth even more unattainable for our nation's most historically marginalized individuals and communities.
On August 24, 2022, the Biden administration announced a new Student Loan Debt Relief Plan. This plan promises debt forgiveness for those who meet certain qualifications. However, there are some things that Black people need to know about this plan to maximize their bene- fits and mitigate potential threats.
Explore the toolkit below to understand what Black people need to know to benefit from Biden's Student Loan Debt Relief Plan.
- Student Loan Forgiveness Toolkit