Sumary of These Colleges Just Cancelled $17 Million Of Student Debt:
- CLARY/AFP via Getty Images) AFP via Getty Images These colleges just cancelled $17 million of student debt.
- Student Debt Another group of colleges cancelled student debt for its students.
- Connecticut State Colleges and Universities (CSCU) will cancel $17 million in studet debt for community college students due to the Covid-19 pandemic.
- student debt cancelled for accout balances from summer 2019 through spring 2021;
- and there are no conditions for students to get student debt forgiveness Specifically, Connecticut State Colleges and Universities paid for the student debt forgiveness with funds from the Higher Education Emergency Relief Fund.
- This is a federal grant program that helps colleges and universities to discharge student debt due to the Covid-19 pandemic.
- The outstanding account balances were money that students owed directly to the colleges, rather than private loan owed to a lender or federal student loans owed to the government.
- Since 2020, Connecticut State Colleges and Universities has used stimulus funds to distribute more than $56 million in direct payments to students.