South Carolina State cancels $10M in student debt
South Carolina State University announced last week that it is canceling $9.8 million in student loan debt for 2,500 students.
The move will provide much-needed relief to low-income students struggling financially due to the COVID-19 pandemic, acting President Alexander Conyers said.
“We are committed to providing these students with a clear path forward so they can continue their college education and graduate without the burden of financial debt caused by circumstances beyond their control,” Conyers stated.
The funds will apply to continuing students unable to return to college due to financial hardship. The waiver does not apply to students who have taken out loans from the federal government or private lenders.
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