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This University Is Eliminating Over $700K In Student Dept For New Graduates | Wild 1063

Goodbye student loans! Delaware State University is doing something extra special for their recent graduates. The university is cancelling more than $700,000 in student loans for 220 recent graduates that were hit hard by the COVID-19 pandemic. Our students don t just come here for a quality college experience, said the university s President Tony Allen. Most are trying to change the economic trajectory of their lives for themselves, their families, and their communities. Our responsibility is to do everything we can to put them on the path. The university’s statement says that the expenses are being covered via stimulus funds from the federal American Rescue Plan for COVID-19 relief.

DSU Cancels $700,000 In Student Debt For More Than 220 Students

Delaware State Students line up at their commencement ceremony. (Image: Twitter/@TheSource) Delaware State University (DSU) will cancel $730,655 in student loan debt for more than 220 graduates who have been hurt by the coronavirus pandemic. DSU will pay off the debts for students through funds the HBCU received from President Joe Biden‘s American Rescue Plan, according to a university press release. DSU added the average eligible student will qualify for about $3,276 in relief. “Too many graduates across the country will leave their schools burdened by debt, making it difficult for them to rent an apartment, cover moving costs, or otherwise prepare for their new careers or graduate school,” Antonio Boyle, DSU’s vice president for strategic enrollment management said. “While we know our efforts won’t help with all of their obligations, we all felt it was essential to do our part.”

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