World's richest man donates $33 million to fund scholarships for "Dreamers"

World's richest man donates $33 million to fund scholarships for

Bezos says his adopted father came to the USA from Cuba unable to speak English.

Bezos donation is expected to cover scholarships for approximately 1,000 illegal immigrants who are now still in the country under the Obama-era DACA policy.

Bezos' wealth recently hit.

"MacKenzie and I are honored to be able to help today's Dreamers by funding these scholarships", he added. There are 2,850 students now enrolled in college under the program, which works out to more than $23.5 million in aid, but approximately 800,000 Dreamers who have received DACA status since 2012. The Bill and Melinda Gates Foundation, Pershing Square Foundation and Chan Zuckerberg Initiative are also among the other major contributers to the program.

According to TheDream.US website, the group is "working to help over 4,000 highly motivated DREAMers graduate from college with career-ready degrees".

The donation comes just a day after President Donald Trump rejected a bipartisan immigration deal - one that would have preserved DACA, allowing hundreds of thousands of "DREAMers" brought illegally to the United States as children to remain in the country safely.

But because Dreamers still live in a legal gray zone, some forms of paying for college, like government grants and student loans, are often unavailable to them. They also get no state aid in 44 states and and must pay out-of-state or worldwide tuition in more than 15 states.

The organization now works with more than 70 low-priced colleges across 15 states.

The program is less than four years old so there are no graduation rates yet.

"Our students are highly motivated and determined to succeed in college and in life", Candy Marshall, president of TheDream.US, said in a statement. 94% return to their college after the first year; the national average is 72%.

Jeff Bezos has donated $33 million to provide college scholarships to a group of immigrants who were brought to the U.S. as children and temporarily protected from deportation under a program the Trump administration is phasing out.

TheDream.US is a project of the New Venture Fund (NVF), which in 2015 reported $318 million in total revenue, including $315 million in contributions.

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