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A $34 Million Student Debt Wipe Out Sets Up a Perfect Economic Experiment
The two young men started at the same college, on the same day, and financed their education the same way: by going deep into debt. Today, Elie Kirkland is so financially secure that, at age 24, he’s thinking of buying a home. Richard Williams, also 24, is in such a hole that he deferred his dreams of becoming a doctor. Their stories reflect a remarkable sequence of events at Morehouse College, a historically black men’s school in Atlanta. The Morehouse Class of 2019 hit the American college equivalent of the lottery: Billionaire Robert F. Smith surprised its members at graduation with an extraordinary pledge to ... (full story)