Georgetown students vote to raise tuition by $27 per semester to pay slavery reparations via CNBCMakeIt
On Thursday, students at Georgetown University voted to raise tuition at the school by $27.20 per semester to provide reparations to the descendants of 272 slaves owned and later sold by the school in the 1800s.
Olson's statement indicates that the funds are intended to be used to advance"causes and proposals that directly benefit descendants still residing in underprivileged communities." Exactly how those causes and proposals will be enacted is still to be determined. Georgetown has one of the wealthiest student bodies in the country. According to analysis by The New York Times, the median family income of a student from Georgetown is $229,100, and 74% come from the highest-earning 20% of American households.
"The school wouldn't be here without them," Shepard Thomas, a junior at Georgetown who is a part of the student organization that advocated for the referendum, tells The New York Times."Students here always talk about changing the world after they graduate. Why not change the world when you're here?"
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