Debt Activists Cancel $10 Million In Student Debt From Morehouse College

college graduate clapping
Tremain Prioleau II
December 4, 2023

Morehouse College and the Debt Collective have wiped the collections of 2,777 student accounts from the Fall 2022 term and earlier. This no-strings-attached gift helps release thousands of students from school debt.

The collections were transferred to the Rolling Jubilee Fund, a sister organization of the Debt Collective for $125,000. The total debt held under collections by Morehouse totaled nearly $10 million.

Everything from library fines, parking tickets, and unpaid tuition totaling is now wiped away from their accounts. According to Braxton Brewington, a spokesperson for the Debt collective, “This nearly $10M of student debt cancellation will put thousands of Black folks in a better position to be able to save for retirement, purchase a home, or start a small business.”

The Debt Collective previously eliminated over $2 million in student debt for Bennett College students. Bennett is a small liberal arts college for Black women in Greensboro, North Carolina. The Morehouse partnership is a continuation of this work.

After President Biden’s student debt cancellation plan was blocked by the Supreme Court, the Debt Collective launched a Student Debt Release Tool to demand the full cancellation of federal student loans under the Higher Education Act.

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