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D Multi-billionaire Robert F. Smith made headlines back in May for his pledge to pay off the student loan debt of an entire graduating college class — and now, he says that he is paying off the debt of the students' parents as well. Smith, who is the founder and CEO of Vista Equity Partners, is collectively donating $ 34 million to the new Morehouse College Student Success Program to pay off the loans that students and parents of the class of 2019 accumulated to fund a Morehouse education. The Morehouse Student Success Program is a scholarship, loan debt, research and educational initiative ( 倡议 ) established by the Board of Trustees as a national investment strategy to limit student loan debt and help graduates to gain in wealth faster. Under the new initiative, Morehouse will request and accept donations made specifically to reduce or eliminate the student loan debt of Morehouse Men and their parents or guardians, thus creating an opportunity for greater financial freedom for new alumni ( 毕业生 ) and their families. The history-making grant ( 授予物 ) from Mr. Smith, who announced his intention to make this grant when he received an honorary doctorate from Morehouse in May» will ease the financial strain on the class of 2019, the billionaire's “classmates .” The $ 34 million contribution to the Morehouse Student Success Program will benefit the new alumni by allowing them to pursue advanced degrees, start careers, and build wealth without being tethered ( 拴住 ) to undergraduate loan debt related to Morehouse. "This liberation gift from Robert Smith the first of its kind to be announced at a graduation in higher education—-will be life-changing for our new Morehouse Men and their families," said David A. Thomas, the President of Morehouse College. "It is our hope that our graduates will use their newfound financial freedom to pursue their career goals, to lead and serve the community, and to remember the spirit of the gift given to them by paying it forward to support the education of future classes of Morehouse Men. ” More than 400 students, parents, and guardians of the Class of 2019 will receive Morehouse's inaugural( 创始的 ) gift under the Student Success Program. America's student loan debt now more than $1.5 trillion, according to the U. S. Department of Education (more than the nation's $ 1. 3 trillion in auto loan debt ) —-can exacerbate the wealth gap that exists between black families facing generational poverty and other groups. Black households nationally have the lowest median net worth, falling behind Asian, white, and Latin Americans respectively, according to the U. S. Census. Economic status can impact loan repayments. At Morehouse, the student loan debt threshold ( 最低限度 ) at graduation is between $ 35,000 and $40,000, which is higher than the average for HBCUs. According to UNCF research, HBCU graduates borrow nearly twice as much — $26, 266 on average—-as non-HBCU students. And one in four HBCU students borrows $40,000 or more to attend college. "Morehouse's program to provide debt relief to new graduates is a fund-raising opportunity that should be studied and duplicated ( 复制 ) nationally," said Michael L. Lomax, president and CEO of the United Negro College Fund. "The impact of such a gift, particularly for minority or economically disadvantaged families’ could accelerate the growth of a more diverse and robust ( 健康的 ) middle class. " Alumni who graduated in May or who finished their degree requirements during summer school 2019 are eligible( 有条件被选中 ) to receive gifts in the inaugural offering from the Morehouse College Student Success Program. Their parents and guardians are also gift-eligible. All must show supporting documents to prove that loans were taken to finance a Morehouse College education and processed by Morehouse. 65. What can we learn about Robert F. Smith? A. A CEO who once took out the student loan at Morehouse College. B. A billionaire who has reduced some graduates' financial burden. C. A big boss who contributed to the founding of Morehouse College. D. A founder who has accumulated loans to fund college education. 66. The benefit of the initiative lies in the fact that . A. graduates can land jobs more easily B. Morehouse can produce more talents C. guardians can make specific donations D. alumni can achieve faster career success 67. How should the graduates remember the spirit of the liberation gift? A. By pursuing their career goals. B. By enjoying their financial freedom. C. By relating their loan debt to Morehouse. D . By making donations to support future classes. 68 . Which of the following best explains " exacerbate" underlined in Paragraph 6? A. Weaken. B. Worsen. C. Identify. D. Clarify. 69.According to the passage, who might borrow least money for college education? A. Morehouse students. B. HBCU students . C. Non-HBCU students. D. UNCF students. 70. What might Michael L. Lomax agree with about the gift? A. It contributes to the occurrence of a bigger middle class. B. It is not necessarily suited to other places of the nation. C. It applies to all Alumni who graduated in May or summer. D. It is particularly beneficial to the middle-class families.
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