Tuesday, June 6, 2023
HomePolicyDelaware State University Forgives $730,000 in Student Debt

Delaware State University Forgives $730,000 in Student Debt

-

Delaware State University (DSU) has arranged to cancel $730,000 in student debt by using a portion of American Rescue Plan Act (ARPA) funds received by the school.

The announcement on Wednesday stated that the institution will allot $730,655 to cover average student debt of $3,276 for more than 200 eligible seniors.

DSU President Tony Allen remarked in a statement that the school’s mission to make student debt more manageable to students fueled the initiative. 

“Our students don’t just come here for a quality college experience. 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,” he wrote. 

Student Aid

While ARPA funds are primarily used to cover costs relating to COVID-19, DSU spokesperson Carlos Holmes explained that the university decided to help students “defray the costs that they’re leaving here with.”

“This resolved some financial debt problems for a lot of students that were able to walk across the stage last Friday or Saturday and have a sense that they have completed this chapter of their academic journey,” he told Delaware Public Media.

Peni Kimani, a DSU graduating senior, felt relief knowing that she has the chance to pay off her college degree, especially since she’s geared to enroll in an aviation program to fulfill her dreams of becoming an airline pilot. 

“I am so very fortunate that I got that money to help with the loans because I truly think it’s going to give me a leading edge amongst my peers,” the student also told the media news service.

You Might Also Like

Latest Posts

12 Best Quotes About Not Going to College (Plus Practical Alternatives)

Unsure about going to college? Take a page out of the book of successful dropouts and explore the practical alternatives to get your ideal lifestyle.

How to Apply for College in 9 Simple Steps

"Discover the nine steps that can boost your chances of getting accepted into your dream school, and before you know it, you'll know how to apply for college, be strolling across the quad, ready to conquer the world!"

These Are the 10 Degrees With the Highest Dropout Rates

Check out the college degrees with the highest dropout rates before you find yourself in thousands of debt stuck with a major you dislike.