{"id":22374,"date":"2019-09-22T13:52:21","date_gmt":"2019-09-22T13:52:21","guid":{"rendered":"https:\/\/www.englishforums.com\/news\/?p=22374"},"modified":"2019-09-22T13:52:21","modified_gmt":"2019-09-22T13:52:21","slug":"student-loan-debt-34m-billionaire","status":"publish","type":"post","link":"https:\/\/www.englishforward.com\/news\/student-loan-debt-34m-billionaire\/","title":{"rendered":"Student loan debt of $34M: Pledged payment by billionaire for entire class and their parents"},"content":{"rendered":"

Robert F. Smith, an American billionaire, has recently pledged to pay off the student loan debt loans of an entire graduate class, and their parents. The donation will reach up to thirty-four million dollars (USD 34 million) in order to cover all student expenses and those of their parents.\u00a0<\/b>
\nGraduates from Morehouse College\u2019s 2019 class will be exempt from their entire student loan debt thanks to a foundation and trust set up by Mr. Smith.\u00a0<\/span>
\nhttps:\/\/twitter.com\/yashar\/status\/1175218422399066112<\/span><\/a>
\nIn an official <\/span>press release<\/span><\/a>, Mr. Smith explained that he would be making a substantial donation to the Morehouse Student Success Program, which will then distribute the money towards paying off individual students\u2019 loans.\u00a0<\/span><\/p>\n

Student loan debt payment,\u00a0 commendable but not a panacea<\/span><\/h2>\n

Mr. Smith\u2019s noble decision to relieve so many students of their student loan debt is absolutely commendable.<\/span>
\nThere is a nation-wide student debt crisis roaming through America, as more students are struggling to cover their living expenses, let alone pay off their student debt.<\/b>
\nAccording to recent research, students in California are finding it the hardest to concentrate on completing their college courses, as they often have to work one or two part-time jobs to afford their living expenses.<\/span>
\nStudents in Macon, Georgia, are among the ones who have to pay the <\/b>largest<\/b><\/a> amount of student loan debt.<\/b> This is mainly due to the fact that college and university tuition fees have been steadily increasing over the past several years.<\/span>
\nConsidering the vast amounts of money students and their families have to invest in higher education, it is no surprise that some of the presidential candidates for 2020\u2019s US Presidential elections are betting on decreasing tuition fees.\u00a0<\/span>
\nThe student loan debt crisis in the United States is reaching unmanageable magnitude, and reforms need to be introduced very soon, in order to avoid a complete crash of the higher education system in the country.\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Robert F. Smith, an American billionaire, has recently pledged to pay off the student loan debt loans of an entire graduate class, and their parents. The donation will reach up to thirty-four million dollars (USD 34 million) in order to cover all student expenses and those of their parents.\u00a0 Graduates from Morehouse College\u2019s 2019 class […]<\/p>\n","protected":false},"author":7,"featured_media":22376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[22,25],"tags":[],"_links":{"self":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/22374"}],"collection":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/comments?post=22374"}],"version-history":[{"count":0,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/22374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media\/22376"}],"wp:attachment":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media?parent=22374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/categories?post=22374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/tags?post=22374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}