Livingstone College to forgive more than $2.8M in debt of returning students

Livingstone College to forgive greater than $2.8M in debt of returning students

SALISBURY, N.C. (WBTV) – Livingstone College is about to forgive greater than $2.8 million in debt for students who attended throughout the 2021 spring semester.

The Livingstone College Debt Forgiveness Persistence Initiative (DFPI) will award greater than $2.8 million in persistence grants to qualifying students of the spring 2021 semester who’ve excellent student account balances.

The college says that is along with the greater than $4 million in need-based student support Livingstone College already supplies from its normal working funds every year.

“The economic hardships 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 period of economic uncertainty,” mentioned Livingstone President Dr. Jimmy R. Jenkins, Sr. in a letter to qualifying students. “The population we serve relies heavily on student loans to pay for their college education. Therefore, as we look forward to the fall 2021 academic semester, we would like to remove one of the primary barriers related to persistence – student debt.”

The HBCU will use the CARES Act Higher Education Emergency Relief Fund to help this initiative.

“Access and affordability must work in tandem,” mentioned Dr. Anthony J. Davis, senior vp and chief working officer of Livingstone College. “The population we serve has been significantly impacted by this pandemic. Therefore, we are deploying every resource possible in support of our students and their families.”

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To reap the benefits of this chance, students will obtain a letter and doc from Livingstone College that may require their signature. The doc have to be signed and returned no later than July 15, 2021.

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