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.”
Student loan debt is the third-highest debt in the U.S at$1.57 trillion. According to Experian, student loan debt rose by $583.9 billion last year, a 114% increase from 2019. Democratic lawmakers and student loan cancellation advocates are still pushing President Biden to cancel all student loan debt, but many remain skeptical about the president’s desire and ability to fulfill those plans.
7 or 8 students benefited from the 700k out of couple thousand enrolled. Meanwhile at the border
Black privilege at its finest… White privilege never existed
Proving how worthless those degrees are in the first place….
Our tax dollars at work. Yet we are called racists?
Hmmmmmm…. no thanks from the thankless.
It’s only money. Their lifelong, inescapable burden is DSU printed on the diploma.
Well my family will go to college & Then the university can CANCEL our Debt then !!!! Discrimination Illegal !!!!!!