Student Debt Forgiveness
Through the American Rescue Plan Act of 2021, the federal government appropriated funding for the Higher Education Emergency Relief Fund (HEERF). The third installment of funding, also known as HEERF III provided institutions financial grants to distribute directly to students who have been impacted financially by the COVID-19 pandemic. In addition, the federal government has also allocated HEERF III funds to assist institutions of higher education.
To further assist Stockton students with the financial hardships caused by the COVID-19 pandemic, Stockton University allocated $493,000 of its own federal HEERF III allotment to eliminate the debt of 214 students who still owed funds to the university.
Browse the FAQ below to learn more about the one-time initiative.
Frequently Asked Questions:
Eligibility was determined based on the following criteria:
- Students must have been enrolled in courses at Stockton University between March 13, 2020 through the summer 2021 semesters
- Students must have owed funds to the university that were charged between March 13, 2020 through the summer 2021 semesters
Eligible students were contacted individually via email.
Yes, once the student debt forgiveness takes effect, you will be able to register for classes. Students who did not attended Stockton in the Spring 2021 semester and wish to re-enroll in courses will need to contact the Office of Student Records to complete a re-matriculation form. Students who attended another college since leaving Stockton will need to re-apply through the Office of Admissions.
Any funds owed to the university by eligible students were forgiven.
No, this is a one-time student debt forgiveness initiative utilizing the federal relief funds allocated to Stockton University from the American Rescue Plan HEERF III program in response to the COVID-19 pandemic.