May 10, 2021 Group Watch: Regions, ASU Partner to Erase Student Debt
Gifts from donors, including a major donation from Regions bank, helped ASU seniors graduate without school debt. A global pandemic and the accompanying economic fallout have made life tough for a lot of Americans. That is especially true for college students, who have watched their tuition and rent remain mostly unchanged while their hopes of finding employment dwindled. In a surprise ceremony, ASU officials announced that the seniors’ student debt at the school had been cleared, thanks to donations from alumni and a generous $250,000 grant from Regions Bank Foundation. The “Cross the Finish Line” campaign generated more than $16,000 in donations. Combined, the Regions Foundation gift and campaign donations will aid seniors this year and next to clear fees for routine costs associated with attending classes on campus. The students held an average of $2,500 in fees, but some students owed as much as $4,500.
