Black female graduates end up with an average of $37,558 in debt, so hopefully the new plans can help sisters out.
Some states will require state income taxes on the forgiven debt.
The Biden administration has announced new steps that will hopefully improve and expand the public service loan and income-driven repayment forgiveness programs for millions of borrowers.
The Biden Administration is expected to announce an extension on the student loan moratorium, which would continue to postpone student loan payments for millions of college graduates.
Though Black women are the most educated group in the United States, they are bogged down by student loan crisis