Student Freedom Initiative Launches Inaugural Program at HBCUs Across U.S.
"Through the Student Freedom Initiative, we hope to give Black students access to the education they need to move forward in this economy without the burden of student loan debt stopping them from realizing their fullest potential," said Robert F. Smith, Chairman of the Student Freedom Initiative.
- "Through the Student Freedom Initiative, we hope to give Black students access to the education they need to move forward in this economy without the burden of student loan debt stopping them from realizing their fullest potential," said Robert F. Smith, Chairman of the Student Freedom Initiative.
- To address the unequal financial burden faced by these students, the Student Freedom Initiative created its Student Freedom Agreement, an income-contingent funding agreement based on a 'pay it forward' concept, meaning payments are only made when the individual is working.
- SFI has begun dispersing Student Freedom Agreement funds to eligible junior and senior STEM majors attending one of its nine inaugural partner schools.
- "We are taking a holistic approach to support and empower our students," notes Mark Brown, Executive Director of the Student Freedom Initiative.