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Metro Detroit colleges offer debt relief to former students

April 30, 2019

The Detroit News

Breana Noble

Students who attended but did not graduate from three Metro Detroit higher education institutions will have the chance to cash in on a new debt forgiveness program to go back to school.

The program, led by the Detroit Regional Chamber, is for the 693,000 adults across southeast Michigan with college credits but no degree and is aimed at improving the region’s postsecondary attainment rate from 44%. It is one of the first multi-institutional regional debt forgiveness programs in the country.

So far, Wayne State University, Oakland University and Henry Ford College have agreed to participate.

“We have a large number of adults who started but never got a degree,” said Greg Handel, the chamber’s vice president of education and talent. “A large percentage stopped because they had financial issues. We thought we would convene this partnership to try and improve the educational outcomes for the region.”

Community college programs, like Henry Ford, are offering maximum forgiveness of one-half of total outstanding student debt. Four-year university programs, like Oakland and Wayne State, are offering a maximum of $500 of debt forgiveness per semester for up to three semesters.

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