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.