Friday, May 14, 2021
Delaware State University officials announced today that it will cancel up to $730,655 in student debt for recently graduated students who have faced financial hardship during the COVID-19 pandemic. Antonio Boyle, Vice President for Strategic Enrollment Management, estimated that the average eligible student will qualify for about $3,276 in debt 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. While we know our efforts won't help with all of their obligations, we all felt it was essential to do our part," Mr. Boyle said. Mr. Boyle also noted that 87%, above the national average, of Delaware State University graduates are either entering their career of choice or graduate school within six months of Commencement. The funds necessary to cancel these students' debt became available through the federal government's American Rescue Plan for COVID-19 relief.
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