South Carolina State University, an HBCU, canceled $9.8 million in student debt for 2,500 students.
This impacts the students who had past-due payments or couldn't afford to return to school.
The debt cancellation was made possible through both Trump and Biden's stimulus funds.
South Carolina State University just became the latest school to act on the $1.7 trillion student-debt crisis in the country.
Last week, South Carolina's only public Historically Black College or University (HBCU) announced it was wiping out $9.8 million in student debt, clearing the account balances of more than 2,500 students who were previously unable to afford returning to college.
This debt cancellation was made possible through $4 million from President Donald Trump's CARES Act and $5.8 million from President Joe Biden's American Rescue Plan.
Insider reported in May that Delaware State University canceled over $700,000 of its students' debt using Biden's stimulus, and at least 11 HBCUs so far have done the same thing. »