New York governor Andrew Cuomo announced Wednesday the CUNY Comeback Program, an effort that will clear up to $125 million in student debt owed to the City University of New York system. The initiative, approved in a July 6 meeting of the CUNY Board of Trustees, is expected to wipe out the balances of at least 50,000 students using federal COVID-19 relief funds. The average student debt balance to the system is about $2,000. CUNY chancellor Félix V. Matos Rodríguez called the program a “landmark measure” that will “enhance CUNY’s important contributions to New York’s economic recovery.”
