When Robert F. Smith surprised members of Morehouse College’s Class of 2019 with news that he would be paying off their student debt, it spurred celebration—and questions about the larger student debt crisis.
When financial stressors put a student’s academic performance at risk, a microgrant to fund a jacket, bus tickets, groceries, or a legal bill can make all the difference.
Proceeds from their sold-out show will support GSP’s efforts to connect undergraduates—many of them first-generation college students—with a vast alumni network, career and academic help, mentorship programs, and other campus resources.
Florine and James Camphor’s giving has been transformational for Coppin State University, where tuition is $6,600 per year and most students are low-income and first-generation.
Michael Bloomberg’s gift, which brings his lifetime giving to Hopkins to $3.3 billion, will allow the school to establish need-blind admissions and eliminate loans from financial aid packages. But it also raises questions about the role of private philanthropy in addressing college access and affordability.