economy
US university’s commencement speaker reveals he will pay off students’ final-year loans
Anil Kochhar hopes textile graduates of North Carolina State can leave with ‘greater freedom to pursue goals’
TL;DR
- Anil Kochhar, a donor, paid off the senior-year student loans for graduates of North Carolina State University's Wilson College of Textiles.
- The gift was announced during Kochhar's commencement address and is in honor of his late father, an alumnus of the university.
- The initiative aims to give graduates greater freedom to pursue their goals and take risks.
- The announcement was met with significant positive reactions from students and faculty.
- 176 students received bachelor's degrees and 26 received master's degrees at the ceremony.