July 19, 2021
The following is an excerpt from The Daily Record article.
Coppin State University announced its Student Debt Relief Initiative (SDRI), which will clear roughly $1 million in student balances.
The initiative, which is federally funded by the 2021 American Rescue Plan Act, is available to students who were enrolled during fall 2020 and spring 2021 semesters. It comes as a result of the COVID-19 pandemic. To date, several HBCUs and other institutions have implemented similar initiatives.
In addition to the balance forgiveness, the university will provide a $1,200 credit to every student, current and incoming, enrolled in the fall 2021 semester. The fall credit is just above 50% of in-state tuition and will help keep students enrolled as well as incentivize others to enroll, university officials said.
Source: The Daily Record