Clark Atlanta College is canceling scholar credit for the 2020-202121 college 12 months
TSR Education: Clark Atlanta University announced it would wipe out student balances for the past five semesters, becoming the newest HBCU to cancel student debt in the past few months.
Clark’s President Dr. George French said the past two years, according to Newsweek, “have been emotionally and financially difficult for students and their families because of the COVID-19 pandemic.”
“That is why we will continue to do everything in our power to support their efforts to complete their CAU training,” said French in a statement.
“We care about the students and want to take the financial burden off their individuals and families so they can continue on their path to pursue and achieve their educational and professional goals,” added French.
In the press release, the CAU said it would use federal funds it received from the CARES Act Higher Education Emergency Relief Fund to financially support students over the past two years.
This fund was created when the CARES law was signed last year.
In April, the U.S. Department of Education announced that HBCUs would receive $ 5 billion from the Higher Education Emergency Relief Fund.
The CAU is now joining several HBCUs who have made plans to eliminate student loan debts in the wake of the pandemic.
Earlier this month, South Carolina State University announced that it would settle $ 9.8 million in student debt for “more than 2,500 ongoing students.”
“We are committed to providing a clear pathway for these students to continue their college education and graduate without the burden of financial debt due to circumstances beyond their control,” said Acting President of the SCSU Alexander Conyers.
Delaware State University said in May that it would cancel more than $ 700,000 in graduate loans, according to CNN, and Shaw University in North Carolina said it would take summer classes for more than 400 students, according to WNCN.
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