Milwaukee, Madison tech schools to wipe out millions in college student financial debt

Complex faculties in Milwaukee and Madison will use nearly $10 million of federal stimulus aid to wipe out account balances for debts incurred by students through the COVID-19 pandemic.

Milwaukee Spot Specialized Higher education declared its $5.75 million plan Tuesday. The college or university will also place an additional $1 million of the funds it received through the American Rescue Prepare Act toward $500 grants for pupils who experienced hardship while paying off their account balances.

“This will with any luck , effects some of the neediest college students that we have inside our scholar populace and hopefully inspire them to re-enroll in school,” stated Monica McNaughton, MATC’s director of student accounts. “But even if they will not, it form of offers them that reset so when they do make a decision to return, which is not hanging above their heads.”