Ocasio-Cortez applauds billionaire's plan to pay off $40M in student loan debt for Morehouse graduates; says such generosity shouldn't be needed
New York Democratic congresswoman Alexandria Ocasio-Cortez applauded a billionaire's offer to pay off the student loan debt of an entire graduating class at Morehouse College, but cautioned that American college students shouldn't be forced to rely on the generosity of a wealthy stranger.
"Every Morehouse Class of 2019 student is getting their student debt load paid off by their commencement speaker. This could be the start of what’s known in Econ as a ‘natural experiment.’ Follow these students & compare their life choices w their peers over the next 10-15 years," Ocasio-Cortez remarked on Twitter Sunday.
Smith's offer elicited loud cheers and applause from the 400 graduating seniors at the private historically black liberal arts college. Several students told The Atlanta Journal-Constitution they were graduating with a loan burden in excess of $70,000. He'd previously given the school a $1.5 million gift which administrators said will be used to fund scholarships and a new park on campus. Smith also received an honorary doctorate from the school
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