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University cancels $700,000 in debt for graduates affected by pandemic
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Delaware State University is cancelling more than $700,000 in student loans for recent graduates hit hard by the Covid-19 pandemic.
DSU will cancel $730,655 for more than 220 people, the school announced this week.
“The average eligible student will qualify for about $3,276 in debt relief,” according to the statement from the historically black, public university.
“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,” said Antonio Boyle, DSU’s Vice President for strategic enrollment management. “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 cancelling more than $700,000 in student loans for recent graduates hit hard by the COVID-19 pandemic. DSU will cancel $730,655 for more than 220 people, the school announced this week. The average eligible student will qualify for about $3,276 in debt relief, according to the statement from the historically black, public university. 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, said Antonio Boyle, DSU s Vice President for strategic enrollment management. While we know our efforts won t help with all of their obligations, we all felt it was essential to do our part.
By Melissa Alonso, CNN
Commencement participants prepare for ceremonies at Delaware State University s Dover campus in May. (CNN)Delaware State University is cancelling more than $700,000 in student loans for recent graduates hit hard by the Covid-19 pandemic.
DSU will cancel $730,655 for more than 220 people, the school announced this week. The average eligible student will qualify for about $3,276 in debt relief, according to the statement from the historically black, public university. 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, said Antonio Boyle, DSU s Vice President for strategic enrollment management. 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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