Connect with us

Hi, what are you looking for?


Regions, ASU partner to erase college students’ debts

Donors, including a major donation from Regions, helped ASU seniors graduate without school debt.

ASU logo (VIA ASU)

A global pandemic and the accompanying economic fallout has made life tough on 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. 

Thursday brought some rare and welcomed good news to a few dozen Alabama State University graduating seniors. 

In a surprise ceremony, ASU officials announced that the seniors’ student debts at the school had been cleared, thanks to donations from alumni and a generous $250,000 grant from Regions Bank Foundation. 

“ASU’s mission was to reduce students’ financial stress and to help clear the final hurdle before graduating,” ASU president Quinton Ross said. “I want to thank (Regions officials) for helping us to make this such a remarkable day for these deserving students who have benefitted from the generosity of the Regions Foundation and that of the ASU alumni who participated in the ‘Cross the Finish Line’ campaign.”

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. 

The announcement of the payoffs came during a surprise event, at which students believed they were attending to receive financial advice and instructions on how to pay off their debts to ASU. Instead, Ross and Regions market executive for the Montgomery area, Robert Birmingham, informed them that their debts had been wiped clean. 

“Regions Bank has proudly supported Alabama State University for many years,” Birmingham said. “Through our work with HBCU’s across the communities we serve, we’ve been part of the many celebrations and events at ASU over the years. We see ourselves as true community partners and investors in ASU students, faculty and alumni. We are proud to be a longtime supporter of Alabama State. And, we are proud to stand together to make a meaningful difference in the lives of students here today and those who follow behind them.”

Advertisement. Scroll to continue reading.

Josh Moon is an investigative reporter and featured columnist at the Alabama Political Reporter with years of political reporting experience in Alabama. You can email him at [email protected] or follow him on Twitter.

More from the Alabama Political Reporter


Before millennials can change society, let alone the world, they must change themselves.


After drawing panels of artwork and writing an exciting story, Martin’s Herculean hurdle is to have the comic book published.


Sewell will also announce a total of $1,000,000 in federal funding for Alabama State and Alabama A&M.


Nearly 21 percent said they are unlikely to continue school if the president does not follow through.


The lawsuit also claims that board members for the trust improperly used funds to send their kids to college.


This partnership is the first of its kind in the nation between a state realtor organization and an HBCU.


Former president pro-tempore Brenda Brown Dillard was elected to serve as Board president.


Quinton Ross will join other prominent leaders to help guide the Biden administration's efforts to aid Historically Black Colleges and Universities.