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You don't give away that much money without changing the places and institutions and people you give it to, sometimes for the worse. Zuckerberg should already know this. In 2010, he donated $100 million to the Newark Public Schools on a promise from Cory Booker that he could, according to Dale Russakoff's The Prize , "flip a whole city."
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The most generous among America's richest billionaires give away more than 10% of their fortunes. Some of them are doing their best to give away all of it — or at least as much as they can while...
American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined. President Joe ...
Title II authorizes the provision of student loans and provides terms by which they may be awarded. Initially, Title II provided scholarships (also known as grants) rather than loans. However, some members of Congress expressed worry about the message sent by giving students a "free ride."
American Student Assistance was founded in 1956 under the name Massachusetts Higher Education Assistance Corporation (MHEAC).The organization began when a group of people approached Massachusetts local businesses for philanthropic donations with the idea of creating a pool of money to guarantee loans for higher education. [1]
The American way was for the self-made millionaires to become self-made philanthropists, a model that was perfected in the next generation by Andrew Carnegie (1835–1919) and John D Rockefeller (1839–1937). They agreed with Peabody that riches produced a duty to give most of it back to the community through specialized permanent foundations.
The American Federation of Teachers filed the lawsuit in U.S. District Court in Washington D.C. against the Missouri Higher Education Loan Authority, better known as MOHELA.