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Financial Motivator: Student Freedom Initiative is helping HBCU STEM Students."

Author
Rushion McDonald
Published
Sat 13 Apr 2024
Episode Link
https://omny.fm/shows/money-making-conversations-master-class-1/mark-brown-president-and-chief-executive-officer-o

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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