BLM sets up student relief fund as loan forgiveness stalls

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BLM sets up student relief fund as loan forgiveness stalls
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The Black Lives Matter Global Network Foundation has launched a new relief fund aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis. blm studentloans kprc2 click2houston

FILE - D'Zhane Parker, left, Cicley Gay, center, and Shalomyah Bowers pose for a portrait on May 13, 2022, in Atlanta. The Black Lives Matter Global Network Foundation launched a new relief fund Monday, Dec. 12, 2022 aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis.

process for the fund opened on Monday, and recipients will receive their money in January if selected. Details about the fund were shared with The Associated Press ahead of the launch.it started last year as millions of Americans struggled to make ends meet amid economic uncertainty in the coronavirus pandemic.

If selected, applicants with $75,000 or less in debt will receive $1,500. Applicants with debt between $75,001 and $150,000 will receive $3,000. And applicants with $150,001 or more in debt will receive $4,500. Foundation board secretary Shalomyah Bowers, who runs the consulting firm that the movement organization hired to build out its philanthropic capacity, said Student Solidarity Fund applicants do not have to prove they are Black. But fund administrators will be working to weed out scammers.

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BLM sets up student relief fund as loan forgiveness stallsBLM sets up student relief fund as loan forgiveness stallsThe Black Lives Matter Global Network Foundation has launched a new relief fund aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis
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BLM sets up student relief fund as loan forgiveness stallsBLM sets up student relief fund as loan forgiveness stallsThe Black Lives Matter Global Network Foundation launched a new relief fund aimed at Black college students, alumni and dropouts overburdened by education costs. The foundation said it set aside $500,000 for and plans to award more than 500 recipients.
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BLM sets up student relief fund as loan forgiveness stallsBLM sets up student relief fund as loan forgiveness stallsThe Black Lives Matter Global Network Foundation launched a new relief fund Monday aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis. The foundation said it set aside $500,000 for the fund and plans to award more than 500 recipients with relief payments ranging from $750 to $4,500. The BLM foundation’s Student Solidarity Fund is an expansion of a previous initiative it started last year as millions of Americans struggled to make ends meet amid economic uncertainty in the coronavirus pandemic.
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