It's Good News Monday!
Virginia Union University awarded more than $6.35 million to aid 1,344 students in paying off debt to the university. The students include 1,192 undergraduate and 152 graduate students. As a result, all graduating seniors ended with zero debt to the university and continuing students had their current balance paid in full.
Federal funding awarded through the CARES Act was awarded as amnesty relief for students to pay off any remaining debt at the end of the academic year. In all 559 students were awarded more than $3.1 million. The additional $3.25 million was awarded by university scholarships and workforce development funding, giving students opportunities to gain work experience on- and off-campus.
“VUU is committed to helping students ease the worry of financial debt due to education loans,” said Dr. Hakim J. Lucas, President & CEO. “These funds helped to reduce the cost of their education which results in fewer federal and consumer loan applications and less debt.”
The Class of 2021 awarded $1,231,292
Underclassman students awarded $4,345,446
Graduate students awarded $778,543
Each week we will share exciting, innovative, and groundbreaking news about Virginia Union University as we make progress to Best in Class. Help us spread the GOOD NEWS!