Delaware State University cancels over $700,000 in student debt for pandemic hardship
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Delaware State University announced this week that it will cancel more than $730,000 in student debt for recent graduates who struggled financially during the pandemic.
The big picture: DSU an historically Black university used stimulus funds it received from President Biden s American Rescue Plan. The Education Department updated guidance in March allowing institutions to use that money for different needs, including cancelling some student debt, Forbes reports.
Over 220 students were eligible to receive that aid and they each received approximately $3,200 in relief.