A growing number of colleges and universities have announced in recent weeks that they would be forgiving student loan debt for their graduates using funds from President Biden’s recent stimulus bill.
Elizabeth City State University in North Carolina will clear debt for students with outstanding balances on their accounts from the past academic year due to pandemic hardships, WAVY News reported. The public university will pay down an estimated total of $286,500 in student debt accrued during the fall 2020 and spring 2021 semesters. Students with a financial hold on their
Elizabeth City State University will utilize a higher education emergency relief fund, authorized by the American Rescue Plan, to forgive outstanding balances from fall and spring semesters.