NASHVILLE – Returning Tennessee State University students can spend more time focusing on their studies and less time worrying about finances after TSU announced it will be paying off their account balances.
Instead of visiting the financial aid office, desperately seeking funds to cover previous school debt, the institution is wiping the slate clean.
School officials said this will allow students to return to campus with their full attention on academics and campus life since being away because of COVID-19.
The account balance forgiveness initiative applies only to returning students who were enrolled Spring 2020, Fall 2020 and Spring 2021. It will also cover Summer 2020 and 2021.
“We are keenly aware that the number one reason that students do not return to college is lack of funds,” said TSU President Glenda Glover.
“Paying off account balances for our students will relieve some of the financial stress that they have and allow them to focus on studying and completing their degrees. At TSU, we pride ourselves in going that extra mile to assist our students. And that’s precisely what we are doing by paying student balances.”
Douglas R. Allen II, TSU’s vice president for business and finance, said funds to pay off the balances will come from the federal CARES Act, which was passed in March 2020. Earlier this year much needed additional funds were provided to educational institutions.
“At the end of the day, it’s about the commitment to our students and the University,” said Allen. “This is one of several initiatives we are implementing to assist them.”
“This is really good,” said Jeia Moore, a business information systems’ major from Memphis.
“It shows this is more than just a school, it’s a family. If something happens, and I need help, then the school has my back. I love it!”
Grad student Tramon Jones agreed.
“TSU clearing my balance has been the best thing to happen to me all year,” said Jones, who is pursuing a master’s degree in Psychology. “No longer having a balance will allow me to focus on becoming a school counselor in my community.”
This is not the first time TSU has used the CARES Act funding to assist students. In May 2020, the University used federal funds to assist students and support institutional needs due to COVID-19.
TSU earlier announced it will be fully operational for Fall 2021 and is expecting its largest freshman class in five years. Freshmen are scheduled to move in August 10-12, with returning students doing so the latter part of the week.