Michael Bloomberg, one of the country’s most prolific donors to elite universities, announced that his foundation is putting $375 million toward higher-education efforts that will, in part, help low- and moderate-income students get into those colleges.
“If we want to stop intergenerational poverty, we have to start by helping more of those deserving kids go to good colleges,” Bloomberg said at an education forum sponsored by the New York Times, according to prepared remarks. “The better the college, the better the education students receive. And the better the education, the better the opportunities they will have.”
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