Monday, July 4, 2022

Local University to Use Pandemic Funding to Clear Debt

Old Dominion University (ODU) has announced that it will use funding through the federal CARES Act (Wikipedia)

NORFOLK — On Thursday, August 12, Old Dominion University (ODU) announced that it would use federal funding to clear student debt.

The announcement said that after federal, state and private resources have been exhausted, the university would use funding through the federal CARES Act to eliminate the remainder of students’ debt accumulated during the spring 2021 semester.

This funding will be significant for students who currently owe debt to ODU as they are unable to register for classes until the debt is eliminated.

“Old Dominion is committed to helping our students reach their academic potential,” said Donald Stansberry, ODU’s vice president for student engagement and enrollment services. “At a time when many families are facing financial stress because of the pandemic, these CARES Act funds will help eliminate significant roadblocks so students can continue on their academic journeys.”

Students who were enrolled in the spring 2021 semester are eligible, regardless of of Title IV eligibility and degree (or non-degree) program. Students who currently have a hold on their accounts due to debt accumulated during the spring 2021 semester will have the hold lifted.

This will not be applicable for current nor future semesters. This funding cannot be transferred to debt accumulated by family members nor debts incurred from third parties.

For more information, students can email email CARESACT@odu.edu.

Related Articles

MORE FROM AUTHOR