*Nearly 500 women graduation candidates at North Carolina’s Bennett College received a pleasant surprise when Debt Collective offered to clear their debt. Debt Collective is a union of debtors rallying against consumer debt. The union contacted the president of the HBCU and proposed to come through for the current graduating students.
It was a special congratulatory gift that the women almost missed because Suzanne Walsh, the president of the college, initially ignored the email coming from the Debt Collective, thinking it was a scam.
Walsh reasoned that no one would simply come out of the blue and offer to clear such a huge debt, so she was skeptical.
However, when Bennett College and Debt Collective officials finally had a conversation, the latter negotiated to clear $1.7 million of the unpaid student balances. The lucky women whose debt is canceled will not have a student balance, essentially having full access to postgraduate records.
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But why did Debt Collective choose Bennett College? Braxton Brewington, the group’s spokesperson, said in a statement that they selected it based on data indicating Black women there have higher student loan balances compared to other groups of students that take the loan. But Debt Collective only…
