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This Wednesday, August 3, I was pleased to announce that Coastline College, Golden West College, and Orange Coast College identified nearly $4.5 million to pay off and forgive outstanding student debts acquired from Spring 2020 through Spring 2022. College allocations from the federal COVID-19 Higher Education Emergency Relief Fund (HEERF) will fully cover the costs. These are limited-use, one-time sources that must be spent by June 30, 2023, making them ideal for student debt relief.
I am proud of our colleges for working together to make this debt relief plan possible. The last two years have been difficult for many students and their families. The colleges recognized that, for some, food, housing, and other basic needs have competed with educational costs. While our fees are low and colleges offered some $70 million in fee waivers, grants, scholarships, and work study in each of the last three years, individual financial circumstances can continue to be a barrier.
In addition to relieving students' financial burden, the debt relief plan removes a barrier to registration or reenrollment for those who may have had a financial hold on their record. The intention is to boost retention and completion for continuing students, while hopefully allowing student who dropped classes during the pandemic to return.
These are one-time funds, and we may never be in this position again. Yet, in this moment, we have an opportunity to do something beneficial for our students, impactful for our colleges, and meaningful for our communities. That is a triple win worth celebrating.
Be well,
John
John Weispfenning, Ph.D.
Chancellor
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