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Student Freedom Initiative Pays off HBCU Loans says Mark Brown, President and Chief Executive Officer
Money Making Conversations
English - March 30, 2024 11:00 - 31 minutes - 28.8 MB - ★★★★★ - 22 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Mark Brown, the President and CEO of SFI. Student Freedom Initiative is a nonprofit organization founded by Robert F. Smith because of his philanthropic efforts to tackle the student debt problem in America. SFI was founded in 2022 as a follow-up to the 2019 viral Morehouse College gift. The program offers alternative PLUS Loan opportunities for students majoring in STEM at participating HBCUs. The fund was initially started with a $50M investment from Robert F. Smith along with a $50M investment from InternXL, which partners with SFI to build an endowment without walls. SFI recently announced a $100M commitment from the STEIN Bridge group, bringing the endowment to $200M. The funds used to repay these loans are recycled into the SFA fund for another HBCU/MSI studentSee omnystudio.com/listener for privacy information.