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Drudge Retort: The Other Side of the News
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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"$3,276 in debt relief" Curious how much actual relief each student from payments. That would be a drop in the bucket for many students. For my recently graduated nephew and niece that would amount to less than 10% of the debt encurred during 4 years of college.

#1 | Posted by mattm at 2021-05-15 08:15 AM | Reply

Going to a 4 year college isn't really worth it unless you get scholarships, grants, or are supermotivated and know what your passion is and that you'll follow through on it.

#2 | Posted by sentinel at 2021-05-15 02:42 PM | Reply

"$730,655 in student debt"

Unless you're going to be a doctor, this is a ridiculous amount of debt for an education.

Education should be free.

But we use student debt to maintain our two-tier economy, where 20% of the people get 80% of the money.

#3 | Posted by snoofy at 2021-05-15 02:46 PM | Reply

"Education should be free."

It already is, practically. You can get a free education on almost anything. It's the certification that costs money.

#4 | Posted by sentinel at 2021-05-15 04:54 PM | Reply

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