SALISBURY, NC – Livingstone College plans to write off debt for students who attended during the 2021 spring semester, officials said.
The Livingstone College Debt Forgiveness Persistence Initiative (DFPI) will award more than $ 2.8 million to Spring 2021 students who have outstanding student account balances. The Debt Cancellation Initiative is being delivered in combination with the student assistance that Livingstone already offers.
“The economic hardship created by the COVID-19 virus is unprecedented and has made it extremely difficult for students to pursue their dreams of obtaining a college education during this time of economic uncertainty,” said Livingstone President Dr. Jimmy R. Jenkins, Sr. in a letter to eligible students. “The people we serve depend heavily on student loans to pay for their college education. Therefore, as we look forward to the fall academic semester 2021, we would like to remove one of the biggest persistence barriers – student debt. “
The initiative will help students continue their education in the absence of student debt, Jenkins said.
The college will use money from the CARES Act Higher Education Emergency Relief Fund to help with the initiative.
“Access and affordability must work in tandem,” said Dr. Anthony J. Davis, senior vice president and chief operating officer of Livingstone College. “The population we serve has been significantly affected by this pandemic. Therefore, we deploy all possible resources to support our students and their families. “
To take advantage of debt cancellation, students will receive a letter and document from Livingstone College that will require their signature. The document must be signed and returned no later than Thursday July 15.
(WATCH: Student debt: borrowers wonder if they won’t pay thousands of dollars)
© 2021 Cox Media Group