spot_img

Morehouse College Partners with Debt Collective to Cancel Student Debts for Nearly 3,000 Students

Date:

spot_img

Almost 3,000 students at Morehouse College had their student debts canceled. According to a news release, the HBCU partnered with Debt Collective, the first union of debtors to cancel pending debt in the nation, to wipe clean collections for the Fall 2022 term and prior for 2,777 students.  

Morehouse transferred the collections to the Rolling Jubilee Fund, a sister organization of Debt Collective’s sister organization, for $125,000 — or a little more than one penny on the dollar. The “no strings attached” gift was used for ”unpaid parking tickets, library fines, and even unpaid tuition totaling up to $30,000.”

Because of the debt being cleared, students can now access their transcripts, receive their diplomas, and continue their education at the graduate level.


Click play to listen to the AURN News report from Clay Cane. Follow @claycane & @aurnonline for more.

The post Morehouse College Partners with Debt Collective to Cancel Student Debts for Nearly 3,000 Students appeared first on American Urban Radio Networks.

Read the Black Chronicle Black History Edition for Free! Click Below

Read the Black Chronicle Black History Edition for Free! Click Below

spot_img
spot_img

Subscribe

Share post:

Popular

More like this
Related

Spokane Valley eyes millions for sidewalks and school crossings

(The Center Square) – Spokane Valley could save millions...

Officials mourn loss of Tacoma City Councilmember Catherine Ushka

(The Center Square) – Tacoma City Councilmember Catherine Ushka...

USDA delivers grants to historically Black land-grant universities

(The Center Square) — The United States Department of...