Billionaire Robert F. Smith Launches New Initiative to Ease Student Debt at HBCUs

Robert F. Smith—the billionaire who pledged during a commencement speech last year to pay off the student debt of the Morehouse College class of 2019—is launching a new initiative to help ease the burden of student loans at historically black colleges and universities (HBCUs).

The Student Freedom Initiative, a nonprofit, is aimed at addressing the disproportionate loan burden on Black students and creating more choices for students whose career options or further educational opportunities might be limited by heavy student debt. >> Read More

This article originally appeared on Time.com.