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As the youngsters prepare yourself to go back so you’re able to university, universities inside the The fresh new England and you can all over the country try learning how exactly to invest a windfall off $69 mil within the government COVID-19 save fund. More than half people colleges when you look at the Massachusetts are using area of the money to pay for many in delinquent balance that pupils are obligated to pay them.
An excellent GBH Reports questionnaire finds out at the least 17 of your own country’s 29 social universities have collectively cleaned off their instructions almost $20 billion from inside the college student obligations. The individuals universities were Massasoit Society College, Bunker Mountain Society University, Worcester County and you will UMass Dartmouth. By spring season 2021, youngsters on 17 universities stored all in all, more than $130 mil in organization personal debt.
A phone number away from personal schools on county are doing a similar thing, but it’s undecided exactly how much these are typically investing.