Ever since, the New Markets Tax Credit bill passed in the second term of the Clinton Administration, rich donors covertly and overtly funded projects in underserved communities. And educational programs emerged as the pet projects for these wealthy donors. In 2005, Kalamazoo public schools superintendent had announced a program funded by mysterious donors to pay the tuition of every high school graduate in the district to attend a public college. Sound familiar?
Yet, some believe if it weren't for the astronomical tax cuts these wealthy folks received the last 50 years, there wouldn't be a need for rich donors to step in because many public colleges such as CUNY and the California system would still be free, while students would be less likely to have borrowed loans to pay for their college education.
Now, we have to depend on these donors to partially foot the tuition bill for some college students in the nation. While they continue to enjoy undeserved tax cuts, the rest of us have to depend on their meager handouts.
The Kalamazoo public schools have one of the oldest tuition handouts in the nation where mysterious wealthy donors meet in secrecy to discuss and plan the project.
Complete coverage of Kalamazoo Promise: Everything you want to know | MLive.com
Tuesday, November 27, 2012
Is Say Yes to education in Buffalo similar to the Kalamazoo promise?
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Whitney Tilson (3rd background)
"Let’s be honest: we need a lot more well-off, well-educated white folks with a personal stake in both charter schools and education reform in general if we’re going to take reform to the next level, both politically and operationally.Whitney Tilson, hedge fund manager and major funding angel for the school privatizing Democrats for Education Reform, thinks there’s not enough rich, educated white folks.( Preaprez) click photo to his blog.
Arne Duncan
U.S. Secretary of Education, click photo
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