HBCUs are critical platforms for the education and success of Black students and people from other underserved communities. While interest in HBCUs continues to increase as they see record application and enrollment numbers many students still face challenges due to systemic inequities.
The National HBCU Week Conference and Robert F. Smith
During the discussion, Smith stated his concerns that almost 65% of a Black families’ wealth is spent on paying off student loan debt. He also shared that this fact encouraged him to seek out ways to help Black students for years to come and to provide more resources for HBCU students.
Smith’s Efforts to Close the Digital Divide at HBCUs
To help provide more resources to underserved students, Smith helped to envision and create Student Freedom Initiative (SFI), a nonprofit organization that was established to help students attending HBCUs and other Minority Serving Institutions (MSIs). The Initiative was inspired by Smith’s well-known promise to pay for the student loan debt of the 2019 Morehouse graduating class.