Loan Forgiveness at Morehouse College

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Billionaire Robert F. Smith surprises 2019 Morehouse graduates with a pledge by his family to eliminate the class of 400 students’ debt with a grant.

Questions:

  1. White students pay down their debt by 10 percent a year compared to what percent by black students?
  2. How many generations have Mr. Smith’s family been in this country?
  3. How much debt will the grant pay?
  4. How did Mr. Smith make his fortune?

Source:

Vongkiatajorn, K. (2019). Morehouse College’s Graduation Speaker Just Promised to Pay Off All of the Class’s Student Loans. Mother Jones, May 19 (Retrievable online at https://www.motherjones.com/politics/2019/05/morehouse-colleges-graduation-speaker-just-promised-to-pay-off-all-of-the-classs-student-loans/)