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Student Debt Forgiven

  • Reynolds Community College

Reynolds Forgives Nearly $400,000 of Student Debt


Student Debt Forgiven
On Tuesday, August 9, Reynolds Community College announced that nearly 500 students with outstanding balances incurred since the spring 2020 term because of the Covid-19 pandemic have had their debt cleared. As part of the Higher Education Emergency Relief Fund (HEERF) signed into federal law in response to the pandemic, the college has recently discharged nearly $400,000 of student debt.

 

Students who were enrolled on or after March 13, 2020, were eligible for the debt cancellation. Financial holds on student accounts for unpaid balances to Reynolds, with the exception of fines related to a laptop loaner program, were extinguished.

"Erasing student balances because of the devastating impact of Covid-19 is more than a gesture," said Dr. Terricita Sass, Vice President of Enrollment Management & Student Success at Reynolds. "Reynolds is committed to removing as many barriers as possible and we know that the financial challenges faced by many of our students is one that can derail their education and future. We hope that this act will enable students to move forward in pursuit of their dreams."