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 actions should federal student loan borrowers take to prepare for the resumption of repayments?

What are the eligibility criteria for applicants to receive the BLM relief?