NEW YORK CITY: The Acting Company has announced the establishment of the Actors’ Career Stability Initiative for the 2022-23 season. The program will allow all actors who accept a casting offer to join the national touring season and have a minimum of $10,000 in student loan debt to apply for debt relief. Awards for debt relief will be conditioned on acceptance of a position in the company, but pursuant to a separate process and agreement.

Each actor who is awarded a grant will receive an equal portion of available grant funds for the year, up to a maximum of $10,000 per actor. The funds will be paid out directly to each actor’s lender at the conclusion of the repertory season. The Career Stability Initiative is funded in part by the Booth Ferris Foundation. More information on the student debt relief grants and auditions for the upcoming season can be found here.

The Acting Company brings professional productions and educational programs, in-school residences, and teacher training workshops to thousands of audience members and students in underserved communities and schools each year. The company serves over 30,000 audience members across the country annually and over 5,000 students in New York City and nationwide. The company has performed on and Off-Broadway, at leading regional theatres, and in 10 countries, and was the recipient of the 2003 Tony Award for Excellence in the Theater.