Billionaire Created a Perfect Experiment by Erasing $34 Million in Student Debt

Bloomberg Quint

By Sophie Alexander

July 24, 2020

The students of the Morehouse Class of 2019 now have more economic freedom to take those kinds of risks, such as starting a business, which can create wealth, said Henry McKoy, director of entrepreneurship at North Carolina Central University’s business school. McKoy said the effects of being debt free could have a larger economic impact too, and be one small step in closing the racial wealth gap.