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 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.

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.

“The fact of the matter is that Black people who work to get an education are struggling right now,” BLM foundation board chair Cicley Gay said. “We recognize that we can’t build a world of true liberation without the brilliance of Black people who are committed to furthering their education.” The money is not restricted for use only on student loan payments, but the foundation said its relief funds are meant to lower recipients’ overall debt burden.

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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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