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50 Spelman College Grads are Now Debt-Free Thanks to This Black Investor

Graduation season is a time for students to celebrate their academic accomplishments as they enter a new chapter in their lives. However, a selection of Spelman College graduates can also celebrate as debt-free graduates thanks to a private equity mogul. With the help of Frank Baker, co-founder and managing partner of private equity firm Siris Capital , and his wife Laura Day Baker — around 50 Spelman College seniors have had their tuition balances wiped clean, according to a press release . Frank Baker of Siris and Laura Day Baker to pay remaining tuition for nearly 50 Spelman College seniors and announced a $1M gift toward the establishment of a scholarship to ensure future graduating seniors have the financial resources to graduate. — Spelman College (@SpelmanCollege) May 21, 2020 The Bakers also established a $1 million scholarship to help future graduates of the all-woman HBCU, according to The Root . “We are all aware of the...

May 26, 2020