A billionaire is wiping out the debt of an entire 2019 college class. AOC says they shouldnt need an act of charity.

In an astonishing display of generosity, billionaire Robert F. Smith announced that his family is providing grants to wipe out the student debt of the entire 2019 class at Morehouse College.

Smith made the announcement while giving a commencement speech at the all-male historically black college in Atlanta, Georgia on Sunday, May 19. It was met by an enthusiastic cheer from the 400 graduating seniors.

“My family is going to create a grant to eliminate your student loans,” Smith said. According to the college, Smith pledges to donate $40 million to the graduates.

Smith is the founder of Vista Equity Partners, a private equity firm with over $46 billion in assets.

While Smith’s donation is an incredible show of generosity, it also highlights the tremendous burdens faced by millions of many college and trade-school graduates. Americans owe $1.4 trillion in college debt. That’s more than they owe on car loans or credit cards.

*****************************************************

Recommended For You

Store Buildr - The Bakers Oven

The Ultimate ‘Done For You’ Niche Website Store!

IM Checklist Volume 16: Copywriting

IM Checklist Volume 16: Copywriting

AmzNeos ProMachine - ViralReel

AmzNeos ProMachine is a combination of AmzNeos software + Amazon Affiliate Marketing training on how to make sales and commissions using viral videos and amazon affiliate stores easily.

*****************************************************

The average college senior now owes $29,000 in student loan debt and the average bachelor’s degree holder takes 21 years to pay off their loans.

Student debt prevents young Americans from starting businesses, buying homes, or saving for retirement. It also forces them to make hasty career decisions so they can stay afloat.

Freshman Democratic Representative Alexandria Ocasio-Cortez used Smith’s generous donation to highlight the student debt crisis.

She also saw the donation as an experiment to see how debt-free graduates behave as opposed to those who leave college under extreme financial stress.

Ocasio-Cortez campaigned in favor of creating tuition free college and trade schools as well as eliminating all student debt. It’s an issue that’s close to home for her, because she’s still paying off her degree from Boston College where she graduated in 2011.

Vermont Senator Bernie Sanders echoed Ocasio-Cortez’s statement at a town hall in Montgomery, Alabama.

“A very kind gentleman, a billionaire, forgave the debts of students at Morehouse,” the Democratic presidential candidate said. “What he did was very generous, but the truth is that private charity alone is not going to solve a problem in which some 40 million Americans are struggling with right now.”

“The time again is long overdue to stop the punishment of millions of people who did nothing wrong except try to get the best education that they could,” he continued.

Original Article : HERE ; This post was curated & posted using : RealSpecific

*****************************************************

Recommended For You

VidRepurposer Enterprise

The enterprise, elite addition of VidRepurposer to users who want to outsource their content creation and resell the product.

Commission Shortcut Lite

Commission Shortcut is YOUR shortcut to automated affiliate commissions in 3 simple steps! 100% Cloud based app and done-for-you campaigns!

Stockocity 4K FX Pro 2000 3840x2160 Background Vids + 6000 Pics + 6000 Anims

Stockocity 4K FX Pro - 2000 3840x2160 background videos + 6000 4K resolution images + 6000 GIF animations

*****************************************************

This post was curated & Posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended

InstaZign Lite | The Fastest Automated Design and Social Media Software

Get Unlimited Traffic And Sales With Smart 'Artificial Intelligence' Designer and Social Media Automation Technology. NO design or technical skills needed. 100% Newbie-Friendly! LOWEST One-Time Special Price Today Only!

Live Video Bot - Business Package

A New Breakthrough Video Technology That Broadcasts Your Videos Across Social Networks Generating Targeted Traffic On Autopilot. Gone are the days of complex software, cables everywhere, multiple phones all plugged into an exhausted overclocked computer.

Leave a Reply