While Americans work hard all throughout their college life, the work has only begun for them. Many are so buried so deep in student loans that they need decades of hard work in order to finally declare that they’re free of debt.
Student loans don’t come cheap. In fact, some work two jobs after graduation in order to pay more quickly, and even then, it takes time still. Fortunately, the recent graduates of Texas graduates don’t have to worry about this.
Students who graduated from a Texas College graduated just recently. They took home their diplomas, ready to face the world with their newly acquired degrees, and the best part of it all was that they discovered how their balances cleared. Thanks to an anonymous donor, they don’t need to worry about paying any sort of debt.
More than 100 students came together for the 133rd graduation ceremony at Wiley College. They listened to President & CEO Dr. Herman J. Felton, Jr. take the platform and were surprised at his announcement. He said that their balances had been paid off by a secret philanthropic donor who wanted to remain unnamed.
The recent pandemic hasn’t been kind to the economy. Everyone was struggling to make ends meet and because opportunities ran low, the students’ ability to pay their debts had been sacrificed. Where can they find work when so many industries closed down? Even if the situation is slowly getting better, many of the startup businesses still needed to start from scratch. This was why many of the graduates and their parents in the audience in Marshall, Texas, were especially happy when they heard this piece of good news.
“Our commitment to our students goes beyond their time while they are enrolled,” spoke Felton. He added, “We are grateful for this anonymous donor who will assist the students in paying off their balances.” The estimated total debt of the graduating class of 2022 in the historically Black college was a whopping $300,000.
“As Wiley College closes the academic semester and prepares for its Sesquicentennial Celebrations beginning in July, this is a great way to start the celebration of 150 years of the College’s contributions to the world.”
Wiley College has always focused on social good and leadership. They have lowered their tuition fees in the past years to $17,500 to cover the following: fees, room, and board. They also go by the motto, which has become more appropriate than ever: “Go forth Inspired.”
The anonymous donation has inspired the students to do well, and perhaps, show the same kindness to those in need. We can only hope that this is only the beginning and that the ones who become successful will do the same for future graduates.
Student loans can become a burden, especially to those who belong to the low- and middle-income families. Nonetheless, this is proof that there is goodness out there. More importantly, there will always be hope to those who work hard.
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