Student Debt Liberation w/ Mark Brown of The Student Freedom Initiative

While Black

REVOLT

Self-improvement, Education

4.1 • 1.8K Ratings

🗓️ 25 February 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Education and specifically higher education (while not the only way) has a direct link to closing the wealth gap. This means the opportunity to advance our education at every level is critical and something the entirety of Black America should be focused on. Billionaire Robert Smith had the issue of access and funding for higher education squarely in his sights that day on Morehouse campus when he agreed to shoulder the student loan debt of 400+ graduates that day, but more importantly the idea for the Student Freedom Initiative was born. What is the Student Freedom Initiative you may ask..... what I'll tell you is that it is an answer to the problem of how can I, he, she, and we afford college... it is a bridge over the troubled waters of financial inequity and it is the topic of todays episode. Mark Brown, executive director of The Student Freedom Initiative, joins us to talk the the need, the problem, and the solutions. His organization is equipped to support us while it teaches us how to pay forward the beautiful gift of a college education. To learn more about The Student Freedom Initiative please visit their WEBSITE. Don't forget to get social with While Black IG: WHILE_BLACK; TWITTER @whileblackpc; FB @whileblackpodcast or email: whileblackpodcast@gmail.com Recorded @ drsatl.com Theme song Produced by Wahid Gomes and licensed through Verde Music Group Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	At State Farm, we're committed to uplifting Black futures.
0:03.8	In collaboration with organizations like 100 Black Men and National Urban League,
0:09.0	State Farm provides high school students with the opportunity to learn and apply
0:13.2	best practice strategies for saving and investing, all while offering academic support,
0:18.8	life skills, and exposure to college access programs to prepare these students for life after high school.
0:25.2	Check out 100BlackMen.org and nul.org to donate and learn more.
0:31.6	Like a good neighbor, State Farm is there.
0:38.1	And so we looked at the endowments of Ivy League schools. The smallest one we found of the
0:43.2	Ivy League schools in America is $2.9 billion. Got it. That was the smallest of the endowments
0:48.8	at the Ivy League schools. When we looked at the endowments of the HBCU's and we added up 70%
0:55.1	we still did not get $2.9 billion. So the resources are not equivalent.
1:01.7	And so the options are not equivalent. So every time a student takes out an income contingent
1:08.6	alternative and they go out and they start this process and they pay it back. They're successful
1:14.4	out doing what they're doing. They're paying it forward for future HBCU students. They're doing
1:19.2	what schools would like them to do, which is to pay back into this vision. The same one that
1:24.1	Booker T-Last. Booker T-Last. Booker T-Last. Booker T-Last. Booker T-Last. Booker T-Last. Booker T-Last.
1:37.6	Welcome to Wow Black, a seriously opinionated podcast bringing you the real and raw on anything
1:46.0	happening Wow Black. If Black culture is there, we're there. If you're pissed or empowered,
1:53.4	then let's talk about it. Right with us on this all black everything.
2:02.2	Everybody, welcome back to Wow Black. That's where art would normally say welcome back. Welcome
2:07.6	back. Art's not with us tonight. He was caught up in some other good stuff going on for him.
2:12.7	So I am riding solo, but I got an amazing guest. What I'm gonna tell you about in just a second.
	...

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