Black Lives Matter Creates Student Debt Fund As Federal Relief Stalls

The video discusses the Biden administration's student loan relief program and the Black Lives Matter (BLM) Foundation's new relief fund aimed at helping black college students, dropouts, and graduates with student loan debt. The BLM fund offers tiered payments based on debt levels, providing up to $4,500 for those with significant debt. The video highlights the disparity in student loan debt between black and white graduates and the uncertainty surrounding federal loan repayments. It advises borrowers to prepare for repayment resumption by reviewing their financial situation and ensuring their loan information is up-to-date.

What is the primary goal of the newly launched relief fund?

• To assist black college students, dropouts, and graduates with student loan debt

• To replace the Biden administration's relief program

• To provide scholarships for future students

• To support all college students in the U.S.

How much total funding has the Black Lives Matter Foundation allocated for relief?

• $1 million

• $500,000

• $250,000

• $750,000

What is the maximum relief amount available for borrowers with over $150,000 in debt?

• $4,500

• $3,000

• $6,000

• $1,500

When will federal student loan repayments resume at the latest?

• End of June 2023

• End of August 2023

• End of December 2023

• End of March 2023

Who is eligible for the BLM relief fund?

• Only graduates with a bachelor's degree

• Only students currently enrolled in college

• Graduates or dropouts with student debt who attended college in the U.S.

• Any U.S. citizen with student debt