It’s a sad but true fact that the celebration and sense of accomplishment that comes with graduating college also often means the looming realization that student loans and debt have not, in fact, magically gone away. But for the Wiley College Class of 2022, it looks like that’s exactly what happened when an anonymous donor cleared the balances of the graduating class.
… Wiley, which is a historically black college located in Marshall, Texas, hosted its 133rd Commencement Convocation over the weekend, where more than 100 students were set to walk the stage and earn their diplomas. Hermon J. Felton, president and CEO of Wiley College, told graduates in a surprise announcement during the ceremony: “If you have a balance, you had a balance. You no longer have a balance.” The students’ balances were cleared by an anonymous donor.
… Typical tuition, including room and board, costs $17,500 per student at Wiley