RICHMOND, Va. (WRIC) – Students at Reynolds Community College will get relief today as nearly 500 of them have had their debt canceled to the tune of approximately $ 400,000.
According to a press release from the community college, which operates four campuses in the greater Richmond area, the discharged debts have all been incurred since the spring term of 2020. The influx of money came through the Help Fund. emergency for higher education (HEERF), created under Pres. Joe Biden’s CARES Act, passed earlier this year.
“Reynolds is committed to removing as many barriers as possible and we know that the financial challenges facing many of our students can derail their education and their future,” said Dr. Terricita Sass, vice president of management. enrollment and student success.
Full-time students at Reynolds typically pay around $ 2,000 per semester, and many students come from low-income backgrounds. According to the college, they “turned off” all financial deductions for students who enrolled as of March 13, 2020.
According to a representative of the college, enrollments for the 2019-2020 academic year, before the start of the pandemic, were 12,775.