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President Biden Unveils Sweeping Student Loan Relief Plans, Targeting Racial Disparities

NNPA NEWSWIRE — Community college borrowers, who represent a significant portion of the student population, would also benefit from the administration’s initiatives. The Biden-Harris administration’s SAVE Plan, which aims to make community college more affordable, projects that 85% of community college borrowers could be debt-free within ten years. However, Latino students comprise a substantial proportion of community college enrollees and need help completing their degrees and repaying loans.
The post President Biden Unveils Sweeping Student Loan Relief Plans, Targeting Racial Disparities first appeared on BlackPressUSA.

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By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia

President Joe Biden has announced comprehensive plans to provide substantial relief to borrowers, particularly those from marginalized communities disproportionately burdened by debt. The proposed measures, announced on Monday, April 8, would represent a significant step towards making higher education more accessible and equitable for millions of Americans.

Despite Republican opposition and a previous rejection by the U.S. Supreme Court, the Biden-Harris administration is implementing yet another round of student loan forgiveness measures.

Since taking office, the Biden-Harris Administration has prioritized reforming the federal student loan program, focusing on easing borrowers’ financial burdens. The administration has already approved debt cancellation for 4 million borrowers, offering them much-needed breathing room and economic mobility.

White House officials say that the newly unveiled plans build upon these efforts and are expected to provide relief to over 30 million borrowers, combined with previous actions taken by the administration. One of the central aims of the proposals is to address the disproportionate debt burden borne by communities of color, mainly Black and Latino borrowers.

Statistics reveal stark racial disparities within the student loan system. Black and Latino borrowers, who are more likely to take on student loans to afford a college education, often find themselves saddled with higher levels of debt compared to their white counterparts. According to a White House Fact Sheet, 20 years after enrolling in college, the typical Black borrower from the 1995–96 school year still owed a staggering 95% of their original debt.

Under the new plans, the administration wants to extend relief to borrowers facing various financial challenges, including those who owe more than their initial loan amount due to accrued interest, individuals eligible for loan forgiveness who have yet to apply, and borrowers experiencing hardship in repayment. Additionally, the proposals would offer debt cancellation for borrowers who entered repayment decades ago and assist those enrolled in low-financial-value programs.

Community college borrowers, who represent a significant portion of the student population, would also benefit from the administration’s initiatives. The Biden-Harris administration’s SAVE Plan, which aims to make community college more affordable, projects that 85% of community college borrowers could be debt-free within ten years. However, Latino students comprise a substantial proportion of community college enrollees and need help completing their degrees and repaying loans.

White House officials said, overall, the administration’s plans signal a concerted effort to tackle the student loan crisis and address systemic inequalities within the higher education system. They said the proposals aim to foster greater economic opportunity and advancement for all Americans by providing targeted relief to communities disproportionately affected by student debt.

“These historic steps reflect President Biden’s determination that we cannot allow student debt to leave students worse off than before they went to college,” U.S. Undersecretary of Education James Kvaal said in a statement.

Kvaal added that Biden had directed the department “to complete these programs as quickly as possible, and we are going to do just that.”

The post President Biden Unveils Sweeping Student Loan Relief Plans, Targeting Racial Disparities first appeared on BlackPressUSA.

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Target Takes a Hit: $12.4 Billion Wiped Out as Boycotts Grow

Target Corporation’s stock plummeted by approximately $27.27 per share by the end of February, erasing about $12.4 billion in market value. The drop came on February 28, the designated economic blackout day, and coincided with mounting backlash over the retailer’s decision to abandon its diversity, equity, and inclusion (DEI) commitments. The National Newspaper Publishers Association […]

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Target Corporation’s stock plummeted by approximately $27.27 per share by the end of February, erasing about $12.4 billion in market value. The drop came on February 28, the designated economic blackout day, and coincided with mounting backlash over the retailer’s decision to abandon its diversity, equity, and inclusion (DEI) commitments.

The National Newspaper Publishers Association (NNPA) has taken action through its Public Education and Selective Buying Campaign. NNPA President and CEO Dr. Benjamin F. Chavis Jr. said, “Black consumers helped build Target into a retail giant, and now they are making their voices heard. If corporations believe they can roll back diversity commitments without consequence, they are mistaken.”

Reverend Jamal Bryant, pastor of New Birth Missionary Baptist Church in Georgia, has led calls for a “40-Day Target Fast,” urging Black consumers to withhold their spending at the retailer. “Black people spend $12 million a day at Target,” Bryant said. “If we withhold our dollars, we can make a statement that cannot be ignored.”

The NAACP also issued a Black Consumer Advisory in response to Target’s DEI rollback, warning Black consumers about corporate retreat from diversity initiatives. The advisory urges them to support businesses that remain committed to investing in Black communities.

Target is also facing legal battles. Shareholders have filed lawsuits challenging the company’s DEI policies, arguing that the commitments hurt financial performance. Meanwhile, conservative groups have sued over Target’s diversity efforts, claiming they discriminated against white employees and other groups.

“Consumers have the power to demand change, and Target is learning that lesson the hard way,” Chavis said.

 

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BREAKING Groundbreaking Singer Angie Stone Dies in Car Accident at 63

By Stacy M. Brown BlackPressUSA Senior National Correspondent @StacyBrownMedia The music and entertainment world reacted in shock and sorrow after the tragic death of Angie Stone, the pioneering singer-songwriter and hip-hop trailblazer who was killed in a car accident early Saturday morning in Montgomery, Alabama. She was 63. Stone’s publicist, Deborah R. Champagne, confirmed the […]

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By Stacy M. Brown

BlackPressUSA Senior National Correspondent

@StacyBrownMedia

The music and entertainment world reacted in shock and sorrow after the tragic death of Angie Stone, the pioneering singer-songwriter and hip-hop trailblazer who was killed in a car accident early Saturday morning in Montgomery, Alabama. She was 63.

Stone’s publicist, Deborah R. Champagne, confirmed the devastating news, stating that her family is heartbroken. “A number of her loved ones had just spoken to her last night,” Champagne told TMZ.

Born Angela Brown, Stone first rose to prominence as a member of The Sequence, hip-hop’s first all-female rap group. Their 1979 hit Funk You Up became one of the earliest rap records to break into the mainstream, later sampled in Bruno Mars’ Uptown Funk and Dr. Dre’s Keep Their Heads Ringin’. After her years with The Sequence, Stone launched a solo career in the late 1990s, earning Grammy nominations and releasing celebrated R&B hits like Brotha, No More Rain, and Wish I Didn’t Miss You.

Stone’s career spanned decades, seamlessly blending hip-hop, soul, and R&B. Her debut solo album, Black Diamond, achieved gold status. She earned multiple Grammy nominations, including Best Female R&B Vocal Performance for U-Haul and Best R&B Performance by a Duo or Group with Joe for More Than a Woman and with Betty Wright for Baby.

Several of Stone’s peers offered tributes following the devastating news.

Chuck D, the legendary Public Enemy frontman and Rock & Roll Hall of Fame inductee, called Stone a foundational figure. “Angie Stone [was] a powerful pioneer whenever I thought of her,” he told Black Press USA. “A foundation of modern soul and hip-hop and women empowerment that she’s still uncredited for. A terrible loss.”

Rocky Bucano, executive director of the Hip Hop Museum, described Stone as a groundbreaking force. “As a member of The Sequence, Angie B helped pave the way for generations of women in hip-hop,” Bucano said in an email to Black Press USA. “Her impact on hip-hop culture is immeasurable, and her presence will be deeply missed. Rest in power, Angie Stone. Your voice and influence will never fade.”

DJ Ralph McDaniels also told Black Press USA that Stone’s artistry mainly was unmatched. “Peaceful journey to our sister Angie Stone,” he said. “Her voice was unique and direct from hip-hop’s female group Sequence to her solo soul songs.”

Dr. Mario Dickens of Mario Dickens Ministries also offered condolences. “We are saddened to hear of the passing of one of this era’s greatest memorable voices,” he said. “We pray for her loved ones and fans,” said Dickens, who extended his company’s memorial printing services to Stone’s family at no cost.

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NAACP Legend and Freedom Fighter Hazel Dukes Passes

“She was a warrior in the truest sense of the word and activist extraordinaire.”  Those words are from Reverend Al Sharpton who is celebrating the life and activism of the iconic Dr. Hazel Nell Dukes, civil rights activist and leader within the ranks of the New York and National Board of the NAACP.  Dukes 92  […]

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“She was a warrior in the truest sense of the word and activist extraordinaire.”  Those words are from Reverend Al Sharpton who is celebrating the life and activism of the iconic Dr. Hazel Nell Dukes, civil rights activist and leader within the ranks of the New York and National Board of the NAACP.  Dukes 92  passed away this morning in  New York. 

Just two weeks ago, Dukes was wheelchair bound and present to perform her duty as NAACP Election Supervisory Chair certifying the elections of the rights groups’ board members. 

Dr. Ben Chavis, elected in 1993,  was the 7th Executive Director and CEO of the  NAACP and spoke on the life of Dukes saying, “The transformative leadership legacy of freedom fighter Hazel Dukes will now be enshrined with the greatest honor and respect as a leader of the NAACP in America and throughout the world.”

This morning the Chair of the Board of the NAACP Leon W. Russell told Black Press USA that Dr. Dukes led the NAACP New York Conference for 50 years acknowledging, “Her work has helped ensure that the 116-year-old NAACP could remain relevant and continue its work throughout the years. She has been consistent in her work and her support as a member and a leader.”

Sharpton says she has known her for almost 50 years since he was a teen. “There never was an issue that she was not out front. We’ve gone to jail together and the White House together.”

Sharpton expects to offer comments at Duke’s funeral service. He recalls she was “authentic, committed, and concerned,” The rights leader and TV host also says, “We will never have another Hazel Dukes. But thank God we had this one.”

The NAACP Board was notified of the passing of Dr. Dukes through the following correspondence this morning: 

Passing of a Loved One.  To God Be The Glory!

Colleagues, it is with a heavy heart and a profound sense of sadness that I inform you of that our sister, Momma Dukes, went to be with the ancestors at 6:20 AM today. Her transition was officially recorded and announced at 6:38 AM. Please lift her up in prayer and continue to pray for her son Ronald and all of her extended family.  

It is always hard to send a message like this but as Hazel would say, she is in God’s hands now.  

Dr. Hazel Nell Dukes, President of the NAACP New York State Conference and Member of the NAACP National Board of Directors was bold and courageous. She was a true warrior for civil rights and social justice.  Her voice and her influence at our table will be missed, but we will all continue to be influenced by that same voice as we continue to fight for that same cause. Hazel was one of the giants on whose shoulders we will continue to stand as we continue to do God’s work here on Earth.

I will keep you informed as arrangements are announced and finalized.  Please know that Hazel passed peacefully surrounded by many of the people who loved her and clergy who knew and pastored to her.

May our sister Hazel rest in power.

With a heavy heart.

Leon W. Russell

Chairman

NAACP National Board of Directors

 

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