Tag: Debt Relief

HBCUs
U.S. Department of Education Provides Debt Relief for 45 HBCUs
To support institutional advancement, the United States Department of Education issued $1.6 billion in debt relief for 45 historically Black colleges and universities (HBCUs). Funding was provided under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) passed in December 2020. Chosen schools are participants of the HBCU Capital Financing Program, which provides low-cost loans, […]
April 2, 2021
Dr. Miguel Cardona
HBCUs
Omnibus Spending Deal Includes $1.3 Billion in Debt Relief for HBCUs
Several of Congresswoman Alma Adams’ (NC-12) equity-oriented higher education priorities are included in the FY21 Omnibus spending deal, including her bill, The HBCU Capital Finance Debt Relief Act, which cancels over $1.3 billion in debt held by historically Black colleges and universities (HBCUs). According to Adams’ office, the bill also includes “the largest expansion of […]
December 21, 2020
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Students
Settlement with For-Profit Will Omit Collecting Millions in Student Debt
Iowa Attorney General Tom Miller recently announced that under a new nationwide settlement with Career Education Corp., a for-profit education company, hundreds of Iowa students will receive over $1.4 million in debt relief. Under the settlement, Career Education Corp. (CEC) will omit collecting $493.7 million owed by 179,529 students around the nation, according to the Des […]
January 11, 2019
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