Add as a preferred source on Google

University of Pittsburgh Launches Initiative to Support Education Debt Relief and Student Success

  • 10/08/18

PITTSBURGH, PA – The University of Pittsburgh (Pitt) has announced the launch of an innovative program related to financing higher education.

Panthers Forward, an initiative of Chancellor Patrick Gallagher, will accommodate up to 150 seniors who will graduate from the Pittsburgh campus in the spring of 2019. Once accepted into the program, participating seniors will each receive up to $5,000, which the university will pay toward their eligible federal student loan balance upon graduation.

Additional details are available on the Panthers Forward website.

As alumni, participants will be asked—but not required—to “pay it forward” via monthly contributions. All donations to Panthers Forward will be reinvested to support future generations of participants and to strengthen and sustain the program. Over time, participants will also become part of an exclusive network of Pitt alumni who will share their professional experiences, perspectives and advice.

“Panthers Forward injects some much-needed innovation into the stagnant landscape of higher education financing,” says Gallagher. “It’s a bold new approach that utilizes a pay-it-forward philosophy and the power of community to position students at the University of Pittsburgh for lifelong success.”  

The university’s Offices of the Chancellor and Institutional Advancement have partnered with Altian Education, a firm founded by three Pitt alumni, for the program’s launch.

“Panthers Forward is not something we’ve seen before,” says Pat O’Donnell (ENGR ’14), Altian Education co-founder. “It is taking one of the most pressing issues facing students today—college debt—and creating a new option that’s more financially flexible, collaborative, and professionally focused.”

A Closer Look: Panthers Forward  
  • This program is open to full-time students on the Pittsburgh campus who are in good academic standing and have received a federal loan to help finance their senior year.
  • Once accepted into the program, participants will have access to an exclusive network of alumni-mentors who are dedicated to supporting the students’ professional success.
  • Shortly after participants graduate, the university will apply funds directly to their federal loan balance. 
  • As Pitt alumni, participants will have an opportunity to “pay it forward” to Pitt students who are following in their path. Donations to Panthers Forward are tax-deductible.
  • Participants are under no contractual obligation to donate up to or more than the amount applied to their federal loan balance, but their voluntary support is critical to sustaining the program and helping future Pitt Panthers.

Featured

  • sapling sprouting from a cracked stone

    Lessons in Resilience: Disaster Recovery in Our Schools

    Facility managers play a pivotal role in how well a school weathers and recovers from a crisis. Whether it's a hurricane, a flood, a tornado, or a man-made event, preparation determines resilience.

  • textured paper collage shows a school building on fire as a fire truck sprays water into the flames

    Why a Fire Loss Is More than Flames

    We've all seen what fire damage can do to a property, but the types of damage building owners often encounter after a fire loss can exceed expectations. Having full awareness of the different forms of damage properties can sustain helps owners respond faster, reduce continued damage, and get back on the road to recovery in short order.

  • South Texas K–12 District Debuts Region’s First Electric Bus Fleet

    The Valley View Independent School District in Pharr, Texas, recently announced a partnership with Highland Electric Fleets to launch the district’s—and the region’s—first fleet of all-electric school buses, according to a news release.

  • Creating Long-Term Sustainability on College Campuses Through Fair Student Housing

    The quality of student housing can have a significant impact on an individual’s college experience. Today’s higher education institutions face mounting challenges, including declining enrollment, low retention rates between the first and second years, and a rise in student mental health concerns. Thoughtfully designed living spaces can help address these issues by creating environments that promote both academic focus and personal well-being.

Digital Edition