A community college in North Carolina had this year’s best graduation giveaway: student loan forgiveness.
To help students in financial difficulty during the pandemic, the Contra Costa College Foundation (CCC) canceled the debt on an existing student loan for its class of May 2021. The school will ensure that no student is refused a diploma due to a financial debt to the school.
Great to see ours @lifeatccc Contra Costa College on National News for our CC Foundation helping get rid of college debt for our graduating class! Proud to sit on the board of directors of such a great foundation!https://t.co/Wm60I2vCIl
“Imagine the sigh of relief these students are feeling right now,” Acting President Damon A. Bell said, adding that “wiping out this debt for over 60 students empowers them to move forward, whether it is their continuing educational path or their meaningful career.”
The ongoing pandemic has severely affected low- and middle-income students, who make up 85 percent of community colleges like the CCC. With an average debt relief of $ 214 per student, the college foundation managed to graduate all students with a smile.
While the amount may seem insignificant to some, “For a low-income student, a student with a family, who struggles to put food on the table, maybe housing insecurity, $ 400, 200 $, $ 150 account ”. Sara marcellino, member of the CCC Foundation Board, ToldDenver7.
Delighted students told Marcellino that what might be a drop in the bucket for school is in fact “a tidal wave” for them, erasing their financial problems.
A degree, AlexanderWalker-Griffin, believes that there is no greater gift than financial security. “To myself, I am eternally grateful for this and I know that so many other people are thrilled with it as well,” he said.