Student Freedom Initiative Pays off HBCU Loans says Mark Brown, President and Chief Executive Officer
The Steve Harvey Morning Show
iHeartPodcasts
4.5 • 2.2K Ratings
🗓️ 30 March 2024
⏱️ 32 minutes
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Summary
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 student
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