Jeff Bezos donates $33 million to finance college scholarships for Dreamers

Jeff Bezos donates $33 million to fund university scholarships for Dreamers

Amazon CEO Jeff Bezos along with his partner, MacKenzie, are donating $33 million by means of a scholarship grant to simply help 1,000 undocumented immigrant highschool graduates with Deferred Action for Childhood Arrivals standing attend university.

The Bezos grant comes through TheDream.US, a scholarship fund for Dreamers. The business, which is not as much as four yrs old, says this is actually the biggest grant it offers previously received. In partnership with above 70 inexpensive colleges in 15 says, TheDream.US provides specific students $33,000 in grant aid over four years to assist them to cover the price of university fees, fees and books.

“My dad stumbled on the U.S. as he was 16 as an element of process Pedro Pan,” Bezos stated in a statement. “He arrived within nation alone and not able to speak English. With a lot of grit and determination – and help of some remarkable companies in Delaware – my father became an outstanding citizen, and he continues to surrender on nation that he feels endowed him in so many ways. MacKenzie and I tend to be recognized to be able to help today’s Dreamers by financing these scholarships.”

Earlier recently, Bezos became the wealthiest individual of them all when his net worth achieved $105.1 billion. During the time of publication, Bezos is really worth $108 billion. Bezos’ donation also comes at any given time when Congress in addition to White home are battling it out across future of DACA.

Since 2012, 800,000 undocumented immigrants have obtained DACA condition. But DACA standing will not make them qualified to receive federal grants and financial loans, nor condition aid in 44 says. That’s in which TheDream.US comes in. As of this moment, 2,850 pupils are signed up for university through this system. The Bezos grant will allow TheDream.US to assist an additional 1,000 students.

While TheDream.US business is certainly not of sufficient age to possess graduation rates, it claims its scholars tend to be flourishing academically, noting that 94 percent return to college after their particular very first year, whilst the national average is just 72 per cent.

“We anticipate a 75% graduation rate,” TheDream.US President Candy Marshall stated in a statement. “This is extraordinary—extraordinary regarding students; extraordinary the universities they attend; and extraordinary for students from low-income families in particular.”

Posted at Fri, 12 Jan 2018 18:54:13 +0000