BLM Sets Up $500,000 Relief Fund For Black Students, Alumni, And Dropouts



Black mutual help activities stretch back to the 1700s, and community service has grown in popularity.

On Monday, the Black Lives Matter Global Network Foundation created a new relief fund to assist Black college students, alumni, and dropouts who need help with education expenses or have been impacted by the student loan debt crisis.

According to PBS, the organization plans to award over 500 people from a $500,000 Student Solidarity Fund that has been set aside. The payments will range from $750 and $4,500.

“The fact of the matter is that Black people who work to get an education are struggling right now,” BLM foundation board chair Cicley Gay said. “We recognize that we can’t build a world of true liberation without the brilliance of Black people who are committed to furthering their education.”

“Black people shouldn’t have to jump through hoops and jump over hurdles to get the access that they need,” he said.

The Student Solidarity Fund is an extension of the foundation’s 2021 focus on economic justice through the BLM’s Survival Fund. The previous project intended to assist Black communities in the face of the COVID-19 pandemic. The foundation is using philanthropic resources to call attention to economic inequality concerns while the federal student loan forgiveness proposal is temporarily on hold due to lawsuits from opponents.

The BLM relief fund is meant for bachelor’s degree recipients as well as former students who did not complete their degrees but still owe money on their student loans. Applicants must have attended a college or institution in the United States and be able to produce proof through student loan records to be eligible for money.

Selected applicants with debts of $75,000 or less will receive $1,500, those with debts of $75,001 to $150,000 will receive $3,000, and those with debts of $150,001 or more will receive $4,500. A second part of the relief fund will be awarded in the form of $750 micro-grants to existing HBCU student applicants.

“We could sit around and wait, and hope that legislators do what they promised by providing loan relief, or we could step up and do it ourselves. And we’ve decided to do the latter,” Gay said.

The monies are not only for student loan repayment, and candidates are not required to present proof of race. However, fund administrators will seek to eliminate any scammers, according to foundation board secretary Shalomyah Bowers.

On Monday, the public application for relief funding opened, and prizes will be delivered to selected applicants in January.

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