Grambling State University to receive $ 87 million in debt relief through coronavirus law
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GRAMBLING, LA – Grambling State University will receive direct financial benefits from the passage of the Omnibus Appropriations and Emergency Coronavirus Relief Act.
Under the Historically Black Colleges and Universities Debt Relief Act, Grambling will receive $ 87 million in debt relief. According to GSU, $ 80 million will go to student housing and $ 7 million will go to the natatorium and intramural facilities.
“We are grateful to the Thurgood Marshall College Fund and members of our delegation to Congress for their advocacy,” said Rick Gallot, president of Grambling State University. “The relief program will be of great benefit to institutions like Grambling State and many others who work daily to develop the next generation of game changers.”
“Paying off this debt opens the door to a new financial future for HBCUs,” said Martin Lemelle, executive vice president and chief operating officer of Grambling State University. “This will allow us to maintain our operations and invest in the success of the next generation of students. “
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