A billionaire is wiping out the debt of an entire 2019 college class. AOC says they shouldn’t need an ‘act of charity.’

In an astonishing display of generosity, billionaire Robert F. Smith announced that his family is providing grants to wipe out the student debt of the entire 2019 class at Morehouse College.

Smith made the announcement while giving a commencement speech at the all-male historically black college in Atlanta, Georgia on Sunday, May 19. It was met by an enthusiastic cheer from the 400 graduating seniors.

“My family is going to create a grant to eliminate your student loans,” Smith said. According to the college, Smith pledges to donate $40 million to the graduates.


Smith is the founder of Vista Equity Partners, a private equity firm with over $46 billion in assets.

While Smith’s donation is an incredible show of generosity, it also highlights the tremendous burdens faced by millions of many college and trade-school graduates. Americans owe $1.4 trillion in college debt. That’s more than they owe on car loans or credit cards.

The average college senior now owes $29,000 in student loan debt and the average bachelor’s degree holder takes 21 years to pay off their loans.

Student debt prevents young Americans from starting businesses, buying homes, or saving for retirement. It also forces them to make hasty career decisions so they can stay afloat.

Freshman Democratic Representative Alexandria Ocasio-Cortez used Smith’s generous donation to highlight the student debt crisis.

She also saw the donation as an experiment to see how debt-free graduates behave as opposed to those who leave college under extreme financial stress.

Ocasio-Cortez campaigned in favor of creating tuition free college and trade schools as well as eliminating all student debt. It’s an issue that's close to home for her, because she’s still paying off her degree from Boston College where she graduated in 2011.

Vermont Senator Bernie Sanders echoed Ocasio-Cortez's statement at a town hall in Montgomery, Alabama.

"A very kind gentleman, a billionaire, forgave the debts of students at Morehouse," the Democratic presidential candidate said. "What he did was very generous, but the truth is that private charity alone is not going to solve a problem in which some 40 million Americans are struggling with right now."

"The time again is long overdue to stop the punishment of millions of people who did nothing wrong except try to get the best education that they could," he continued.

Courtesy of Verizon
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If someone were to say "video games" to you, what are the first words that come to mind? Whatever words you thought of (fun, exciting, etc.), we're willing to guess "healthy" or "mental health tool" didn't pop into your mind.

And yet… it turns out they are. Especially for Veterans.

How? Well, for one thing, video games — and virtual reality more generally — are also more accessible and less stigmatized to veterans than mental health treatment. In fact, some psychiatrists are using virtual reality systems for this reason to treat PTSD.

Secondly, video games allow people to socialize in new ways with people who share common interests and goals. And for Veterans, many of whom leave the military feeling isolated or lonely after they lose the daily camaraderie of their regiment, that socialization is critical to their mental health. It gives them a virtual group of friends to talk with, connect to, and relate to through shared goals and interests.

In addition, according to a 2018 study, since many video games simulate real-life situations they encountered during their service, it makes socialization easier since they can relate to and find common ground with other gamers while playing.

This can help ease symptoms of depression, anxiety, and even PTSD in Veterans, which affects 20% of the Veterans who have served since 9/11.

Watch here as Verizon dives into the stories of three Veteran gamers to learn how video games helped them build community, deal with trauma and have some fun.

Band of Gamers www.youtube.com

Video games have been especially beneficial to Veterans since the beginning of the pandemic when all of us — Veterans included — have been even more isolated than ever before.

And that's why Verizon launched a challenge last year, which saw $30,000 donated to four military charities.

And this year, they're going even bigger by launching a new World of Warships charity tournament in partnership with Wargaming and Wounded Warrior Project called "Verizon Warrior Series." During the tournament, gamers will be able to interact with the game's iconic ships in new and exciting ways, all while giving back.

Together with these nonprofits, the tournament will welcome teams all across the nation in order to raise money for military charities helping Veterans in need. There will be a $100,000 prize pool donated to these charities, as well as donation drives for injured Veterans at every match during the tournament to raise extra funds.

Verizon is also providing special discounts to Those Who Serve communities, including military and first responders, and they're offering a $75 in-game content military promo for World of Warships.

Tournament finals are scheduled for August 8, so be sure to tune in to the tournament and donate if you can in order to give back to Veterans in need.

Courtesy of Verizon

via CNN / Twitter

Eviction seemed imminent for Dasha Kelly, 32, and her three young daughters Sharron, 8; Kia, 6; and Imani, 5, on Monday. The eviction moratorium expired over the weekend and it looked like there was no way for them to avoid becoming homeless.

The former Las Vegas card dealer lost her job due to casino closures during the pandemic and needed $2,000 to cover her back rent. The mother of three couldn't bear the thought of being put out of her apartment with three children in the scorching Nevada desert.

"I had no idea what we were going to do," Kelly said, according to KOAT.

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