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.”
Delaware State University is canceling more than $730,000 worth of debt for recent graduates
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This University Is Eliminating Over $700K In Student Dept For New Graduates | Real 105 1
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Delaware college using COVID-19 relief funds to forgive over $700K in student debt
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