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May 15, 2021 06:34 pm

University Cancels $700,000 in Student Debt for 220 Graduates Affected by the Pandemic

Delaware State University -- also known as DSU -- "is cancelling more than $700,000 in student loans for recent graduates hit hard by the Covid-19 pandemic," reports CNN:DSU will cancel $730,655 for more than 220 people, the school announced this week... "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." DSU is paying for the expenses through the federal American Rescue Plan for COVID-19 relief, university officials said in the statement Wednesday. The school says that the average eligible student will qualify for about $3,276 in debt relief, according to a Delaware newspaper. They quote a statement from the School President that "Our students don't just come here for a quality college experience. 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."

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