Diversity Management, News and Updates
In a move that will particularly benefit minorities and people of color, recently approved Education Secretary Miguel Cardona has announced reform that would grant nearly $1 billion in total student loan forgiveness for approximately 72,000 Americans in the coming weeks. According to Adam S. Minsky of Forbes, the newly announced…
Student debt is not out of the ordinary for families in the U.S., but a Medill News Service report shows parent borrowing is disproportionately burdening Black families and those who attend historically Black colleges and universities (HBCUs). The federal government’s Parent PLUS Loan is becoming popular among lower-income parents as…
A study by the Institute on Assets and Social Policy (IASP) found student debt disproportionately affects Black people, leading to the large wealth gap between Black and white people. The report, authored by Laura Sullivan, Tatjana Meschede, Thomas Shapiro and Fernanda Escobar found that 20 years after starting college, the…
Originally posted on newscenter.td.com. The student debt crisis is dominating the headlines, especially ahead of the 2020 elections with many candidates discussing what to do about the $1.56 trillion in debt facing 45 million borrowers across the nation. Regardless of future policies, today’s young adults say their loan payments have…
Senator Elizabeth Warren’s plan could really help Millennials in particular to buy their first home faster, according to a recent study by Redfin. Senator Elizabeth Warren introduced a proposal to cancel up to $50,000 of student loan debt per person. Redfin took her proposal and tried to see what it…
Season Bennett and her husband are owners of Headlines Barbershop in Charlotte, North Carolina, and they found themselves particularly inspired after Billionaire investor and philanthropist Robert F. Smith was the commencement speaker at Morehouse College- announced that he would be paying off the student debt of an entire class of college…
On Tuesday, one of former Democratic presidential candidate Sen. Bernie Sanders’ hallmark campaign promises became more of a reality in the state of New York. Gov. Andrew Cuomo announced a plan that would provide free tuition to any of New York’s public universities for citizens whose family earns less than…