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Education Secretary Miguel Cardona issued guidance in March allowing colleges and universities to use funds from President Joe Biden’s $1.9 trillion stimulus plan for a variety of student needs, including grants and scholarships.
Delaware State University (DSU) has decided to use those funds to cancel student debt.
On Wednesday, DSU officials announced they would be canceling up to $730,655 in student debt for recently graduated students who faced financial hardships during the pandemic. Antonio Boyle, Vice President for Strategic Enrollment Management, estimated that the average eligible student would qualify for about $3,276 in student debt details ⇒
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