Up to $10 Million will Address Student Financial Challenges during the Pandemic

SP
Sandra Phoenix
Tue, Aug 17, 2021 1:15 PM

Bowie State University News
August 12, 2021
Up to $10 Million will Address Student Financial Challenges during the Pandemic

Bowie State University will use federal CARES Act funds to provide financial assistance to 1,390 students who continue to face economic challenges during the COVID-19 pandemic by relieving nearly $3 million in outstanding tuition and mandatory fee debt. Additionally, $7 million will be used to assist students enrolling for the 2021-22 academic year.

President Aminta H. Breaux has championed applying funds the university received from the federal Higher Education Emergency Relief Fund II (HEERF II) to the outstanding balances of students enrolled in Spring 2020 through Summer 2021 enabling them to return to school for the Fall 2021 semester. The tuition assistance program will provide students enrolling for the fall semester with "last dollar grants" to offset any tuition and fee expenses remaining after federal and state aid have been awarded, reducing the need for burdensome loans.

"The greatest obstacle facing minority students' success in college is obtaining financial support for their education," said BSU Provost and Vice President for Academic Affairs Carl Goodman. "Applying the HEERF II funds to address the unprecedented financial impact on families over the past 18 months will remove that barrier allowing our students to progress and remain on track towards graduation."

To set students on the path to financial stability, those receiving the debt relief will participate in financial literacy workshops offered by the university in partnership with Our Money Matters and Wells Fargo. The program will provide guidance on budgeting, saving and credit to empower students to effectively manage their money, limit and repay debts and begin successful careers.

Sandra M. Phoenix
HBCU Library Alliance Executive Director
Atlanta University Center Robert W. Woodruff Library
111 James P. Brawley Drive SW
Atlanta GA 30314
404-978-2118 (office)
404-702-5854 (cell)
http://www.hbculibraries.orghttp://www.hbculibraries.org/
sphoenix@hbculibraries.orgmailto:sphoenix@hbculibraries.org
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Bowie State University News August 12, 2021 Up to $10 Million will Address Student Financial Challenges during the Pandemic Bowie State University will use federal CARES Act funds to provide financial assistance to 1,390 students who continue to face economic challenges during the COVID-19 pandemic by relieving nearly $3 million in outstanding tuition and mandatory fee debt. Additionally, $7 million will be used to assist students enrolling for the 2021-22 academic year. President Aminta H. Breaux has championed applying funds the university received from the federal Higher Education Emergency Relief Fund II (HEERF II) to the outstanding balances of students enrolled in Spring 2020 through Summer 2021 enabling them to return to school for the Fall 2021 semester. The tuition assistance program will provide students enrolling for the fall semester with "last dollar grants" to offset any tuition and fee expenses remaining after federal and state aid have been awarded, reducing the need for burdensome loans. "The greatest obstacle facing minority students' success in college is obtaining financial support for their education," said BSU Provost and Vice President for Academic Affairs Carl Goodman. "Applying the HEERF II funds to address the unprecedented financial impact on families over the past 18 months will remove that barrier allowing our students to progress and remain on track towards graduation." To set students on the path to financial stability, those receiving the debt relief will participate in financial literacy workshops offered by the university in partnership with Our Money Matters and Wells Fargo. The program will provide guidance on budgeting, saving and credit to empower students to effectively manage their money, limit and repay debts and begin successful careers. Sandra M. Phoenix HBCU Library Alliance Executive Director Atlanta University Center Robert W. Woodruff Library 111 James P. Brawley Drive SW Atlanta GA 30314 404-978-2118 (office) 404-702-5854 (cell) http://www.hbculibraries.org<http://www.hbculibraries.org/> sphoenix@hbculibraries.org<mailto:sphoenix@hbculibraries.org> Honor the ancestors, honor the children and those yet to come. Building Capacity for Humanities Special Collections at HBCUs - Become an ally and partner with us to protect, preserve and share a more authentic record of American history. Follow this link http://hbculibraries.org/humanities-2019.html for more information. Follow this link http://hbculibraries.org/ and click on the Donate Now button to invest in this project. Your support is appreciated. Follow us on Facebook at https://www.facebook.com/hbculibraryalliance1/ and Twitter at https://twitter.com/HBCULibAlliance Check out "PULSE!" The HBCU Library Alliance's News Source! - https://hbculibraryalliance.wordpress.com/