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BLM sets up student relief fund as loan forgiveness stalls

FILE - President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. Education Secretary Miguel Cardona listens at right. The Black Lives Matter Global Network Foundation launched a new relief fund Monday, Dec. 12, 2022 aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis. President Biden said the government would forgive $10,000 in student loan debt for Americans with annual incomes below $125,000. More than 26 million people had already applied for the relief, with 16 million approved. But the government stopped processing applications in November, after a federal judge in Texas struck down the plan. Conservative attorneys and Republican lawmakers are challenging the legality of the debt forgiveness plan on an argument that Biden cannot take this step without congressional approval. (AP Photo/Evan Vucci, file) FILE - D'Zhane Parker, left, Cicley Gay, center, and Shalomyah Bowers pose for a portrait on May 13, 2022, in Atlanta. The Black Lives Matter Global Network Foundation launched a new relief fund Monday, Dec. 12, 2022 aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis. (AP Photo/Brynn Anderson, file) FILE - In this Dec. 12, 2020, file photo, MD Crawford carries a Black Lives Matter flag before a march in La Marque, Texas to protest the shooting of Joshua Feast, 22, by a La Marque police officer. The Black Lives Matter Global Network Foundation launched a new relief fund Monday, Dec. 12, 2022 aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis. (Stuart Villanueva /The Galveston County Daily News via AP, File)
BLM sets up student relief fund as loan forgiveness stalls