According to a new report shared by The American Association of University Women, Black women are burden by 22% more student loan debt than their white female counterparts.
“Fun fact: as of 2019 up to $10,000 can be used to repay student loan debt of the beneficiary,” says Lewis. A law recently passed allowing one to use 529 savings to pay off some student debt without incurring the 10 percent penalty"
Sonia Lewis, 30, creates the first black- and woman-owned student loan debt repayment company. The Philly native found her calling after mastering how to manage her own debt.