For years, student advocates and some higher-education leaders have worried about the ways in which even small debts that students owe to their schools can hold them back from continuing college and completing their degree.
Over the past few months, its become clear that some schools needed to mitigate this problem was something simple: More money.
In May of this year, the Department of Education announced that colleges could use funds they received from the American Rescue Plan the coronavirus relief measure Congress passed in March to wipe out institutional debt or funds students owe to their schools.
The next day Delaware State University, an HBCU, announced it would discharge up to $730,655 in debt for recently graduated students.
Read the full article at: https://www.marketwatch.com/story/behold-a-different-kind-of-student-debt-cancellation-11627593734
