Wiping out debt for HBCU students changes lives

Just over one-third of the country’s HBCUs have been awarded nearly $1.3 billion through the CARES Act allowing most schools to wipe out or reduce student debt for 41,000 borrowers.

Richard K.Delmar, the Acting Inspector General for the Department of the Treasury, said 38 of the 105 HBCUs have received money as of June 30 “as part of the pandemic relief efforts for students needing financial assistance during this unforeseen time.”

U.S. Secretary of Education Miguel Cardona said in a press release that “Students’ education matters and will continue to be a center point focus and continue to keep more students in school.”

For example, at Southern A & M University, the Care’s Act application was opened on May 1, 2020 for students to apply for emergency aid. This funding was intended to address the pressing financial needs of students due to the disruption of campus operations caused by the COVID-19 pandemic.

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