Home » South Carolina State University cancels $ 10 million in student debt using funds from pandemic government aid packages

South Carolina State University cancels $ 10 million in student debt using funds from pandemic government aid packages

by archyw

Headline21 Jul. 2021

South Carolina State University has forgiven the loans of 2,500 alumni who had to interrupt their studies due to financial difficulties. The university, which has historically had a predominantly African-American student body, announced that it would cancel nearly $ 10 million in student loans using money from the federal law stimulus package. CARES and the American Rescue Plan. In the United States, the school debt crisis disproportionately affects black students.

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