The HBCU Wilberforce University, located in Ohio, announced this week that it is canceling the debt for its 2020 and 2021 graduates.
During recent commencement exercises, President Elfred Anthony Pinkard announced to the 2020 and 2021 new alumni that their debt and other debt owed to the university by students from 2020 and 2021 has been settled and carries a zero balance.
In total, the amount of debt cleared from all Wilberforce students enrolled in 2020 and 2021 exceeds $375,000.
According to the university, the money used to pay off the debt was resourced from various scholarships and other institutional funding to help students from last year’s spring and fall semesters and spring 2021 with their higher education finances.
“Last spring, during the initial COVID 19 pandemic outbreak, all Wilberforce students were relieved of financial pressure through the Higher Education Emergency Relief Fund (HEERF), set up through the CARES Act, which provided emergency financial aid for colleges and universities,” the press release issued by the university states. “This specifically helped students whose bursar office balance would have prohibited them from registering for the upcoming fall classes.”
“As these graduates begin their lives as responsible adults, we are honored to be able to give them a fresh start by relieving their student debt to the university,” Dr. Elfred Anthony Pinkard, the 22nd President, Wilberforce University stated.
Share this on Facebook if you think it deserves to go VIRAL!
Sigmas1 week ago
Ralph Johnson, Percussionist for Earth, Wind, & Fire is a Member of Phi Beta Sigma.
Deltas1 week ago
Karen Carter Peterson First Chairwoman of the Louisiana Democratic Party Is A Member of Delta Sigma Theta
Colleges1 week ago
Bloomberg Live and UNCF Collaborate to Shine Spotlight on HBCU Funding Barriers with “HBCUs: The Path to Prosperity”
Alphas1 week ago
Dr. William P. Foster, Pioneer of FAMU’s Marching 100 was a Member of Alpha Phi Alpha
Kappas6 days ago
Best Selling History Author Lerone Bennett Jr. was a Member of Kappa Alpha Psi
AKAs6 days ago
Miss America 1991 Marjorie Vincent is a Member of Alpha Kappa Alpha
AKAs2 days ago
Lisa Borders, Former President of the WNBA Is A Member of Alpha Kappa Alpha
AKAs2 hours ago
Alpha Kappa Alpha Just Raised Over $2.1 Million for HBCUs in 24 Hours