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Report: Student Loan Debt Burdens Limit Wealth Building and Career Choice for HBCU Graduates

Diverse: Issues in Higher Education

The burden of student loan debt limits future finances of graduates of historically Black colleges and universities (HBCUs). The federal student loan payment pause was great relief for HBCU alumni finances, according to the report.

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Wealth-Based Pell Grant Could Reduce Student Debt and Racial Wealth Inequality

Diverse: Issues in Higher Education

Their research supports the creation of a wealth-based Pell Grant to supplement the traditional Pell Grant, which offers financial support to students from low-income backgrounds. The policy incorporates information already collected in the FAFSA form, which is used to distribute Pell Grants.

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Pell Grant Increase Will Help Low-Income Students, But More is Needed

Diverse: Issues in Higher Education

29, the new federal spending plan is set to increase the Pell Grant in 2023, allowing low-income students a chance to access up to $7,395 each year. Coupled with the $400 increase in the 2022 fiscal year, this is the largest two-year increase ever in the history of the grant. The total student loan debt reached $1.75

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Report Finds 100% of Incarcerated Borrowers in Default, Limiting their Access to Pell Grants

Diverse: Issues in Higher Education

On July 1 st , incarcerated Americans will re-gain access to Pell grants for the first time in nearly 30 years. But a new report has revealed that an important segment of this population may be largely left out: those who already have student loans.

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TICAS Policy Agenda Tackles the Flaws in the Higher Ed System

Diverse: Issues in Higher Education

Recommendations include doubling the maximum Pell Grant, reforming the student loan system to protect borrowers, and ensuring that public benefit programs, like the Supplemental Nutrition Assistance Program (SNAP) or Temporary Assistance for Needy Families (TANF), are reformed to support a student’s journey through higher education.

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Gloria L. Blackwell, American Association of University Women

Diverse: Issues in Higher Education

As CEO of the nonprofit American Association of University Women (AAUW), she serves as a thought leader on issues ranging from the pay gap to equity in STEM to student loan debt. Blackwell continues nearly two decades of leadership activity at AAUW, shepherding fellowships and grants programs.

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Biden Declares HSI Week

Diverse: Issues in Higher Education

It also touted the Biden administration’s educational policy moves that have benefited Hispanic students, including $11 billion of funding through the American Rescue Plan, increases in the Pell grant, and the introduction of SAVE student loan repayment plans, which reduce monthly payments to 5% of discretionary income.