Student loan debt is a serious and continually growing problem among African-American graduates who often lack the tools and financial literacy they need
The Thurgood Marshall College Fund (TMCF) has announced a new advocacy campaign, #InTheBlack.
It provides tools and resources to support the need for knowledge about student loan repayment and overall financial literacy for Historically Black College and University (HBCU) students and parents.
The Campaign will address the student loan debt repayment crisis, which is a major factor delaying financial independence for many new graduates. It will serve as a resource to educate students and parents about the various student loan repayment options and provide financial aid literacy development opportunities. The goal is to get more students out of debt (in the red) and financially#intheblack.
Funded by a grant from the Federal Financial Aid Advocacy Fund, administered through HCM Strategists, the grant is made possible by the Bill & Melinda Gates Foundation, which supports innovative, timely advocacy activities that engage new stakeholders and partners in federal policy-making for financial aid.
“The average student graduates with more than $30,000 in debt,” said Johnny C. Taylor, Jr., President & CEO of the Thurgood Marshall College Fund. “TMCF has historically worked with our partners to provide financial literacy to college students; however, there aren’t many discussions around student loan repayment. Through this campaign, we will be able to direct students and their parents to a resource that will answer their questions and provide guidance on how to responsibly navigate the student loan debt repayment process.”
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SOURCE: EEW Magazine News