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The Water Cooler
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Billionaire's gift eliminates student loan debt for 396 students.
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<blockquote data-quote="dennishoddy" data-source="post: 3236058" data-attributes="member: 5412"><p>philanthropist Robert F. Smith's pledge to eliminate up to $40 million in student loans underscores a growing burden on student borrowers nationwide.</p><p>He pledged to eliminate the debt of all students at Morehouse college carrying a student loan. </p><p>Bravo to him! What a great gift to a graduate. </p><p>He is receiving accolades as he well deserves from across the world. He contributed one million dollars to the college awhile back for a park and some other issues. </p><p></p><p><a href="https://www.nbcnews.com/news/education/billionaire-s-gift-wipe-out-morehouse-student-loans-highlights-debt-n1007926" target="_blank">https://www.nbcnews.com/news/education/billionaire-s-gift-wipe-out-morehouse-student-loans-highlights-debt-n1007926</a></p><p></p><p>But is there a dark side to this? </p><p>What about the students that worked their way through college accumulating zero debt? </p><p>What about the parents that sacrificed all their lives to generate enough money to send their kid/kids to college so they didn't have student debt?</p><p>So this guy is going to forgive the debts of those that took out incredible amounts of money for classes that can't get them a job in the real world, just wanting the college life experience?</p><p>If I were the responsible student at this school, I'd be very angry right now.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3236058, member: 5412"] philanthropist Robert F. Smith's pledge to eliminate up to $40 million in student loans underscores a growing burden on student borrowers nationwide. He pledged to eliminate the debt of all students at Morehouse college carrying a student loan. Bravo to him! What a great gift to a graduate. He is receiving accolades as he well deserves from across the world. He contributed one million dollars to the college awhile back for a park and some other issues. [URL]https://www.nbcnews.com/news/education/billionaire-s-gift-wipe-out-morehouse-student-loans-highlights-debt-n1007926[/URL] But is there a dark side to this? What about the students that worked their way through college accumulating zero debt? What about the parents that sacrificed all their lives to generate enough money to send their kid/kids to college so they didn't have student debt? So this guy is going to forgive the debts of those that took out incredible amounts of money for classes that can't get them a job in the real world, just wanting the college life experience? If I were the responsible student at this school, I'd be very angry right now. [/QUOTE]
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