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Netflix CEO Invests $120 Million Into HBCUs To Lower Student Debt

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historically Black colleges and universities.Netflix CEO Reed Hastings along with his wife Patty Quillin have given $40 million to the United Negro College Fund, Spelman College and Morehouse College each.

The total, $120 million, is the largest-ever individual gift to support students of color at HBCUs.The funds will specifically be used to create scholarships so the next generation will graduate with less debt.Hastings told ESSENCE Tuesday that after working with Dr.

Michael Lomax on the board of the KIPP Foundation, which helps to develop college prep schools in low-income neighborhoods, he was convinced to “take a chance to get to know the great work going on in the HBCU world.”“This year, with all the craziness going on in America, we.

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