This billionaire is quietly giving away free college to 800,000 people | Fortune
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This billionaire is quietly giving away free college to 800,000 people | Fortune
""It's just getting started," he said in a recent interview on Goldman Sachs' Great Investors podcast, noting that it's all happened without a single dollar spent on advertising."
"Klinsky's solution: hire the best professor in each of the 32 subjects, build a free online course for every one, and post them at ModernStates.org."
"If you're Abe Lincoln and you're totally impoverished but you're ambitious, you can get a year of college this way and save a year of time and $30 grand of money."
"There's $1.7 trillion dollars of student debt," Klinsky said when speaking about what motivates him, a notable philanthropist. "It's an unreal number."
ModernStates.org, founded by Klinsky, has reached 800,000 individuals and provided 25,000 free years of college credit without advertising. The initiative utilizes CLEP exams, which allow students to earn college credit by passing tests in various subjects. Klinsky's approach includes offering free online courses and covering exam fees, making higher education more accessible. The program addresses the significant issue of student debt, which totals $1.7 trillion, by providing a cost-effective pathway to college credit for ambitious students.
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