Robert F. Smith, the billionaire investor who erased the student debt of Morehouse College’s Class of 2019, has launched an internship program for ethnically underrepresented students.
- The program, called InternX, will guarantee 1,000 students from ethnically underrepresented groups a paid summer internship in the STEM field.
- Rising sophomores with a 2.8 GPA or higher are eligible. AT&T, PriceWaterhouseCoopers, Deloitte and CitiGroup are reportedly among the companies that will take InternX candidates, according to the AJC.
Smith is the founder and CEO of Vista Equity Partners, a New York-based investment firm focused on software, data and technology. According to Forbes, Smith has an estimated net worth of $5 billion.