Historic black church pays off loans of Howard University students

A historic black church in Virginia made a $100,000 donation to help cover the student debt owed by 34 students at Howard University, NPR reported Tuesday.

The news outlet reported that the contribution from Alfred Street Baptist Church helped students owing amounts ranging from $100 to 3,000. 

{mosads}The church raised money for the effort in January, when leaders asked parishioners to commit to a “financial fast” where they eliminated unnecessary spending. At the end of the month, church-goers were asked to donate the money they saved in that time, which totaled roughly $150,000.

NRP reported that Rev. Dr. Howard-John Wesley, the pastor of the Alfred Street Baptist Church revealed the donation to the Howard University students earlier this month. The church donated another $50,000 to aid Bennett College, a historically-black women’s college.

Bloomberg reported late last year that student loan debt in the U.S. hit an all-time high of nearly $1.5 trillion in November, more than double what it was in June 20009.

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