The schools principal balance, interests and fees on the loan as of Dec. 27 will be eligible for forgiveness on March. 19. The $25 million represents 60% of the universitys total debt, which was incurred to improve student housing, the university said.<\/p>\n
Wilberforce is an iconic institution, not just for our community, but for our nation at large, said Turner, vice-chair of the House HBCU Caucus, a bipartisan group of lawmakers dedicated to securing proper resources and funding for the schools. With increased financial independence and stability, Wilberforce University will remain a historic pillar of equity and justice.<\/p>\n
In recent years, Wilberforce, the nations first private HBCU, has struggled financially and has grappled with enrollment declines and other issues. But school officials recently launched a plan to transform the university by attracting more students, add new academic programs and raise funds.<\/p>\n
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Wilberforce University loans to be forgiven as part of COVID-19 relief bill - Springfield News Sun<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The schools principal balance, interests and fees on the loan as of Dec. Continue reading