Black Borrowers Feel The Pain Of The High Court’s Student-Loan Decision

that just before the moratorium went into effect, 63% of Black borrowers were seeing their student loan balances increase, the highest among all racial groups.

“The Supreme Court has in two days destroyed decades of progress towards education equality in America,” Scupp told. “Past, present and future students of color are going to suffer immensely because of these decisions. This is a kneecapping for the right to education for people of color. We’re furious and disappointed in the court.”in October. Approximately 26 million people applied for forgiveness before the program was suspended in November, according to the Education Department.

Heather Olden, a Black 35-year-old student at Harvard pursuing a doctoral degree in public health, said her debt balance of $178,000 could climb past $200,000 once she graduates. She’d been splitting roughly $1,000 a month in student loans payments with her parents until 2015. But Olden said her personal circumstances changed and that payment dropped to less than a third of that, barely covering the accruing interest.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘I have no hope’: Student borrowers devastated by high court rulingWith a mix of grief, disappointment and anger, student loan borrowers absorbed the impact of Friday’s Supreme Court decision striking down President Biden’s sweeping plan to cancel up to $20,000 in federal student loan debt.
Source: washingtonpost - 🏆 95. / 72 Read more »

Student Borrowers, After Three-Year Reprieve, Must Now PayThe Supreme Court’s decision to strike down President Biden’s student-debt cancellation plan thrusts millions of borrowers back into a repayment system many had hoped they would never see again
Source: WSJ - 🏆 98. / 63 Read more »

Here are steps student loan borrowers should take now, after Supreme Court strikes down debt cancellationTo prepare for the resumption of federal student loan payments this October, here are five steps borrowers should take starting now.
Source: CNBC - 🏆 12. / 72 Read more »

Proposed Michigan Hate Speech Law Would Criminalize Making Someone 'Feel' Frightened or IntimidatedThe Michigan state House passed controversial legislation which would essentially criminalize making someone in a protected class “feel” frightened or threatened.
Source: BreitbartNews - 🏆 610. / 51 Read more »