Texas: Unnamed Donor Pays Off Student Debt of Over 100 College Graduates
Wiley College in Texas surprises graduates during their rites about their student loans being paid by an anonymous donor. Paul Morigi/Getty Images for We The 45 Million

Graduates of Wiley College, a historically Black college in East Texas, were surprised by the administrators of the school during their graduation ceremony after an anonymous donor paid their student loans.

According to NBC News, more than 100 students were gathered for the graduation on Saturday when the school's president made the announcement.

"The announcement of cleared balances for graduates was a welcome surprise as students and parents were demonstrative in the audience when they heard the news," Wiley College said, per People.

The Texas college said in their press release that the estimated total for the balances owed to the college by the graduating class of 2022 was about $30,000.

Wiley College president and CEO, Dr. Herman J. Felton Jr., expressed his gratitude to the anonymous donor who paid off the student loans of the college's graduating batch.

"We are grateful for this anonymous donor who will assist the students in paying off their balances to Wiley College and help us achieve institutional goals of graduating our students with little to no debt," Felton Jr. said.

Felton Jr. added that the "anonymous gift" sets graduates on a continued path to success and will allow Wiley College to strengthen its commitment to providing a more affordable and exceptional education.

Student Debt US: Implication of Biden's Student Loan Cancellation

President Joe Biden's promise of canceling at least $10,000 of student debt per person helped him to get elected as the chief executive of the United States, per PBS.

It can be recalled that late last month Biden said in a press conference that he is considering canceling some student loan debt, per Fox News.

Biden said that he is in the process of looking into whether there will be additional debt, and he is not considering a $50,000 debt reduction.

However, NPR correspondent Cory Turner mentioned to PBS that even a $10,000 cancellation would be beneficial for payers.

Cory Turner cited federal data that showed about 12 million people will have no debts if the president would forgive $10,000.

Student Debt US: Republicans, Democrats on Potential Student Loan Cancellations

Both Republican and Democrat lawmakers have sounded alarmed about Biden's potential plan to cancel the student debts.

Republican Governor Larry Hogan from Maryland told Fox News during the Milken Institute's 2022 Global Conference that Biden's idea of forging the student debts is crazy and a waste of too much money.

Hogan added that they are working to make college more affordable, and that cancellation of student debts is not the right solution.

Meanwhile, Democratic Representative Cheri Bustos from Illinois noted that lawmakers should look at whether the country can afford to cancel student loan debt.

Bustos highlighted that cancellations of student debts should not be like a blanket but instead dig on different kinds of its levels.

This article is owned by Latin Post.

Written By: Joshua Summers

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