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Cisco is giving HBCUs $150 million to lessen student debt and modernize technology

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Students of color bear a significant burden of the country’s $1.7 trillion student debt crisis, and today, a major technology company announced an investment to help lift the burden off of those students.

The Student Freedom Initiative — a nonprofit dedicated to helping students at minority serving institutions (MSIs) — announced a partnership with Cisco and AVC Technologies on Thursday, with Cisco investing $150 million to help strengthen Historically Black Colleges and Universities (HBCUs). Specifically, the multinational technology company is investing $100 million in modern technology for HBCUs, along with $50 million to help lessen details ⇒

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