The Black Lives Matter Global Network Foundation launched a new relief fund Monday aimed at Black college students, alumni and dropouts overburdened by mounting education costs and the student loan debt crisis.
The foundation said it set aside $500,000 for the fund and plans to award more than 500 recipients with relief payments ranging from $750 to $4,500. A
The relief is meant for bachelor’s degree recipients, as well as those who did not complete their degree but still carry student loan debt. Applicants must have attended a college or university in the U.S. The foundation is asking applicants to submit loan documents to prove their eligibility. In a second phase of the fund, the BLM foundation said it will give microgrants of $750 to relief fund applicants who are currently attending historically Black colleges and universities, to help with housing, food, technology, books and transportation costs.
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