SALISBURY, N.C. — Livingstone College in Salisbury, N.C. announced an initiative on Friday that will forgive the debt of students who attended the college during the spring 2021 semester.
Officials say The Livingstone College Debt Forgiveness Persistence Initiative (DFPI) will award more than $2.8 million in grants to qualified students of the spring 2021 semester who still owe the school money.
School officials say this initiative comes after the COVID-19 crisis in which a lot of students faced unprecedented financial hardship.
“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,” said 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.”
Livingstone College already provides more than $4 million in need-based student aid from its general operating budget each year, according to a news release.
Officials with the college say it will use the CARES Act Higher Education Emergency Relief Fund to pay for this new and critical 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 impacted by this pandemic. Therefore, we are deploying every resource possible in support of our students and their families.”
Any student looking to take advantage of this money saving opportunity should sign a letter and document, that the college will send out to all students, before July 15th, 2021.