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Five NAACP students will be leaving college debt-free, thanks to Pharell Williams. The iconic record producer and philanthropist kicked off his Something In the Water Festival in Washington D.C. on Friday, June 17. Just hours before the musical event began, Williams surprised the student leaders with the groundbreaking news during a panel pertaining to the Black student debt crisis at the St. Regis hotel in D.C, ABC 7 News reports. “For all of you on the stage, we are clearing your current student loan debt,” said a moderator during the event. Breaking: #SomethingInTheWater just announced they’re paying the student debt of all 6 panelists/NAACP members! #CancelStudentDebt pic.twitter.com/BqBS9AqIoc — NAACP (@NAACP) June 17, 2022
Joe wants folks to know that he’s out here doing it! According to Complex, the Joe Biden administration has managed to cancel a total of $15 billion in student loan debt since taking office in 2021. A press release from the Department of Education also confirmed that more than 675,000 borrowers have come out on the winning end of his student loan forgiveness program. The news comes on the heels of President Biden’s move to extend the pause on student loan debt payments until May of this year. “Given these considerations, today my Administration is extending the pause on federal student loan repayments for an additional 90 days – through May 1. 2022 – as we manage the ongoing pandemic and further strengthen our economic recovery, ” he wrote. “Meanwhile, the Department of Education will continue working with borrowers to ensure they have the support they need to transition smoothly back into repayment and advance economic stability for their own households and for our nation.”