Morehouse College Partners with Debt Collective to Cancel Student Debts for Nearly 3,000 Students


FILE - In this April 12, 2019, file photo, people enter the campus of Morehouse College in Atlanta. A new center for training Black entrepreneurs will be opening in Atlanta as part of a collaboration announced Monday, Feb. 22, 2021, between Spelman College, Morehouse College and an advocacy organization made up of business leaders. (AP Photo/Mike Stewart, File)
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Almost 3,000 students at Morehouse College had their student debts canceled. According to a news release, the HBCU partnered with Debt Collective, the first union of debtors to cancel pending debt in the nation, to wipe clean collections for the Fall 2022 term and prior for 2,777 students.  

Morehouse transferred the collections to the Rolling Jubilee Fund, a sister organization of Debt Collective’s sister organization, for $125,000 — or a little more than one penny on the dollar. The “no strings attached” gift was used for ”unpaid parking tickets, library fines, and even unpaid tuition totaling up to $30,000.”

Because of the debt being cleared, students can now access their transcripts, receive their diplomas, and continue their education at the graduate level.

Click play to listen to the AURN News report from Clay Cane. Follow @claycane & @aurnonline for more.

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