LIMA — Northwestern Ohio University has repaid nearly $ 627,000 in student debt held by college students during a coronavirus pandemic.
The university used a portion of the Federal Higher Education Emergency Relief Fund (HEERF) dollars to repay the arrears of 348 current and former students borrowing money from UNOH, but external student loan debt. No depreciation was applied to. Lender.
The relief funding also allowed the university to provide three rounds of grants. Grants gradually increased from $ 1,000 in the summer of 2020 to $ 2,100 in the spring of 2021 and to $ 4,000 this fall.
“We have made it possible for financially struggling students to stay enrolled, obtain a degree or diploma, and help them enter the workforce,” the Federal Relief Agency said in a press release. I mentioned in.
“The pandemic has been and will continue to be a difficult time for everyone,” said Jarvis. “We would be glad if we could help as much as we could if this trial time was a little easier by clearing these debts and subsidizing qualified students to pay invoices and tuition. “
UNOH pays off $ 627K in student debt
Source link UNOH pays off $ 627K in student debt