Billionaire Repays Student Debt From All Graduates of Morehouse College – Axios


Billionaire and speaker Robert F. Smith announced Sunday that he would donate about $ 40 million to pay off the student debt of the 400 graduate students at Morehouse College, a traditionally black and all-male institution, reports the Atlanta Journal-Constitution.

Why it's important: Student debt in the United States has reached $ 1.5 trillion. Studies show that student debt leads to lower incomes and is the primary stressor of millennials.

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