Billionarie Robert F. Smith Joins Prudential Monetary To Launch $1.8 Million Grant Program For HBCU College students

Robert F. Smith, philanthropist and billionaire in keeping with Forbes, is making headlines once more. After clearing the debt of Morehouse graduates in 2019, the billionaire is now launching a program for HBCU college students.

In keeping with Essence, his group, “Pupil Freedom Initiative,” has partnered with Prudential Monetary to supply $1.8 million in microgrants to help HBCU college students.

“Pupil Freedom Initiative applauds the management of Prudential Monetary and their help for our shared mission of eliminating boundaries of entry for underserved communities,” stated Robert F. Smith, Chairman of Pupil Freedom Initiative in a information launch. “By enabling the launch of the HELPS Program, a significant element of our work to handle the holistic wants of HBCU college students and households, Prudential’s reward will present long-needed and sometimes neglected assist and help persistence of these most susceptible in our neighborhood.

Along with the grant, “internships and professional bono providers to allow improved monetary literacy for Traditionally Black Faculties and Universities (HBCU) households and college students.”

As reported, Robert F. Smith’s paid off the coed mortgage debt for the Morehouse 2019 graduates, totaling $34 million. He additionally paid off the federal academic debt accrued by the dad and mom of the graduates.

Roomies, what do you consider this?