As seen in the NYSACAC Newsletter - Conference Edition June 6, 2022
Lately, the idea of Student Loan Forgiveness has been making headlines – and for good reason. The current level of student debt in the U.S. is $1.6 trillion dollars. And according to the Education Data Initiative, the average federal student loan debt among Black and African American borrowers is $57,770, approximately $27,000 more than their white counterparts.Clearly, carrying debt of this level can have a crushing impact on a young adult’s future. But aside from the vague possibilities of partial loan forgiveness currently being debated, what can be done? How about reaching students and their families before they borrow to make sure they understand the full implications? A recently-developed website, collegemoneymatters.org, does just that. Read more here.