Delaware State University (DSU) will cancel over $730,000 in student loan debt for recent graduates who have been experiencing financial struggles as a result of the pandemic.
More than 220 students from the historically Black public university will qualify for an average of $3,276 each. The money for the expenses will be provided through the American Rescue Plan, a massive relief package passed earlier this spring, to help graduates with debt.
“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’s efforts to make college more affordable have also been reflected by its decision to stop increasing the tuition fee six years ago, as well as provide incoming students with an iPad or MacBook.
“Our students don’t just come here for a quality college experience,” said Allen. “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.”
