ABILENE, Texas (KTAB/KRBC) – McMurry University is planning to repay $1.215 million worth of debt for certain students affected by COVID-19.
Students who enrolled between summer 2020 and summer 2021 semesters will have all institutional debt accrued through the summer 2021 semester cancelled.
This is made possible by Higher Education Emergency Relief Funds from the American Rescue Plan.
“Loss of income, food insecurity, COVID-19 restrictions and, possibly, illness are just a few of the challenges impacting students. . .and their families,” said McMurry University President Sandra S. Harper. “The HEERF funding allows institutions like McMurry to do something meaningful for students in the face of unprecedented uncertainty.”
Students who are eligible for this debt forgiveness will be notified by university officials soon. A total of 400 students will be affected, with an average debt of $3,005 each.
According to Lori Herrick, associate Vice President of finance at Abilene Christian University, they have awarded over $3 million to students. Of that, $1.4 million was awarded directly to help COVID-related financial concerns for students.
Additionally, more than $1 million has been given to help relieve student balances. The remaining amounts were awarded for the additional needs of our students.
Hardin-Simmons University says they’ve resolved outstanding student balances for the Spring and Summer of 2021 in addition to the funds students have already ready received directly from HEERF funding. For the last 2 years, Hardin-Simmons says they’ve kept their tuition the same.