Martin University is set to wipe out overdue account balances of more than 200 students in a bid to provide relief to those affected by the pandemic, she announced this week.
Indianapolis University has fewer than 300 students enrolled, so relief will be applied to most students at the state’s only predominantly black higher education institution.
Martin will use grants from the federal government, especially the Higher Education Emergency Assistance Fund, or HEERF, to write off student debt, including students who plan to continue their education but have not completed their studies. still enrolled due to debt exacerbated by the pandemic and students who have stopped attending university altogether because they cannot afford tuition.
The HEERF III funds were awarded as part of the COVID-19 relief plan known as the US bailout. Graduate and undergraduate balances at school are eligible for funding.
“We are fortunate to provide these students with the opportunity to continue their education without the burden of financial debt caused by the COVID-19 pandemic,” Martin President Sean Huddleston said in a written statement. âStudents should not have to take time off from their studies because of these unpredictable circumstances. “
Students at the university, located off Sherman Drive and just north of Interstate 70 northeast of downtown Indianapolis, can see if they are eligible for assistance by contacting the office of the bursar of the school.
Timothy Taylor, a senior at Martin University pursuing a master’s degree, said he planned to temporarily withdraw from his studies when the pandemic struck, as he lost additional sources of income outside of his work as senior pastor at Tabernacle Missionary Baptist Church.
âThis is great news for me,â Taylor told IBJ in response to the debt relief. âI pay as I go. I don’t want to get a student loan and I don’t qualify for student assistance. When the pandemic hit, I had a balance and couldn’t get back to the beginning. I’m excited. Education has been a continuation of my life, and I’m on the verge of being done.
Taylor, 50, said his goal was to earn a master’s degree at the age of 55, and he’s now on the right track due to the relief. Taylor expects the aid to save him the $ 4,000 to $ 5,000 he owed in school.