Miles College Cancels $3.9 Million In Student Loans

FAIRFIELD, AL — Using the Higher Education Emergency Relief Fund, Miles College will subsidize $3.9 million of federal student loans for all full-time students enrolled in the Spring 2022 academic semester.

Instead of offering students direct federal loans, the college will alleviate some of the financial burdens of repaying student loans post-graduation by providing funding to minimize the number of student loans for its students.

"Our students have worked very hard to continue to thrive in a culture that many of us have not had to endure while being in college," Miles College president Bobbie Knight said. "We will continue to deploy as many resources as possible to support our students and ensure their success during and after their time at Miles College."

This investment in Miles College students reinforces the school's commitment earlier this year when the College allocated funding to clear over $2.1 million in outstanding student balances.

"We understand how student loans are disproportionately impacting our students, and this is our first step in addressing the student loan crisis that many of our students face," said Michael Johnson, Miles College Vice President of Enrollment Management. "Eliminating student loans for our students will help narrow the wealth gap and have a long-term impact on our students' futures."

This decision is Miles College's first step to support their students navigating the student loan debt crisis. College officials are exploring opportunities to sustain these efforts with corporate and community partners.