Delaware State University to cancel 730K in student debt

today05/13/2021 36

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A Delaware university has announced plans to cancel more than $700,000 in student debt for recent graduates who struggled financially during the coronavirus pandemic. Delaware State University pledged Wednesday to use funds made available through the Biden administration’s $1.9 trillion coronavirus relief plan for waiving eligible students’ debt. The historically Black college said in a statement that more than 200 students are eligible for the aid, with the average student qualifying for about $3,200 in relief. University President Tony Allen said the effort is part of the school’s commitment to keeping “student debt manageable.”

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