Illinois Central College eliminates over $1M of student-accrued debt during COVID-19
PEORIA (25 NEWS) - More than 1,700 students enrolled at Illinois Central College between the spring 2020 and summer 2021 semesters have seen their student debt eliminated -- totaling $1.1 million.
“The elimination of outstanding account balances with the college, including tuition, fees, books, late fees, and daycare, was applied to student accounts earlier this week,” according to a release. “The move helps to alleviate financial strain placed on ICC students due to changes in their employment or health statuses caused by the COVID-19 pandemic.”
The college utilized funds from the Higher Education Emergency Relief Fund (HEERF) established by the American Rescue Plan to cover the incurred debt
“We recognize our students who attended ICC from the Spring of 2020 through the Summer of 2021, had every intention of honoring their account balances, and for many reasons associated with the global COVID-19 pandemic, those obligations were not able to be met,” said Illinois Central College President Sheila Quirk-Bailey. “We are thrilled to eliminate $1.1 million in financial burdens for our students to continue in their educational journey. This fresh start will help so many students pursue better lives and careers.”
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