DSU To Cancel $730,655 Of Student Loan Debt

Delaware State University will cancel hundreds of thousands of dollars in student loan debt incurred by recent graduates who have faced financial hardship during the COVID-19 pandemic.

Funds from the American Rescue Plan are being used to reduce student loan debt by a total of $730,655. The average eligible DSU graduate could qualify for $3,276 in debt relief.

“Too many graduates across the country will leave their schools burdened by debt, making it difficult for them to rent an apartment, cover moving costs, or otherwise prepare for their new careers or graduate school. While we know our efforts won’t help with all of their obligations, we all felt it was essential to do our part,” DSU Vice President for Strategic Student Enrollment Management Antonio Boyle said.

“Our students don’t just come here for a quality college experience. Most are trying to change the economic trajectory of their lives for themselves, their families, and their communities. Our responsibility is to do everything we can to put them on the path,” Delaware State University President Dr. Tony Allen added.