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Delaware State University to cancel 730K in student debt

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DOVER, Del. (AP) — 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.”

 

Source: AP – All contents copyright 2021 Associated Press. All rights reserved.

 

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