Good Morning, Brooklyn: Thursday, September 2, 2021
CUNY CANCELS STUDENT DEBT: The CUNY (City University of New York) Comeback Program is forgiving nearly $95 million in unpaid tuition and fee balances for more than 52,000 students in New York City’s public university system. The CUNY Comeback Program, announced at the end of July, utilizes federal Higher Education Emergency Relief Funds to cancel outstanding student tuition and fee balances, providing financial relief to CUNY students who experienced economic hardship during the COVID-19 pandemic. Believed to be United States’ largest student debt-forgiveness program of its kind, the initiative is expected to see these numbers rise as the university starts reviewing thousands of additional hardship applications.
Grateful students have come forward to thank CUNY for launching the CUNY Comeback Program, many referencing the daily struggles they faced during the health crisis, from losing loved ones to incurring heavy financial tolls. Students’ debt to CUNY nearly doubled during the pandemic with an average outstanding balance of about $2,000.
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