HBCU alumni Terry Comer and Khalil Thompson have raised $2.25 million for NIL FanBox in a seed funding round led by sports tech venture capital firm KB Partners. The subscription platform delivers autographed college memorabilia to sports fans’ doors every season, sharing profits with student athletes and their schools. What’s the story behind NIL FanBox? NIL FanBox’s website states that it is 100% university-approved and endorsed by the players. “They [FanBox] make it super easy for players to engage directly with fans,” Drake Maye from the North Carolina football team said.
The Supreme Court’s ruling against race-conscious admissions has not reduced Black student representation in the 2024 incoming college class, according to a new analysis. Instead, Vector Solutions, a leading education software and data provider, found a slight increase in Black student enrollment, driven by growth at small public institutions. Increase in Black Student Enrollment Many feared that the Supreme Court’s ruling would drastically lower the number of Black students and other students of color in higher education. However, Vector Solutions’ data, which includes responses from over 624,000 first-year students at
In the next few days, the U.S. Supreme Court is expected to decide whether or not colleges and universities can continue to consider race in their student admissions process, a practice known as affirmative action. The ruling results from the Students for Fair Admissions (SFFA) lawsuits against Harvard and the University of North Carolina (UNC), which saw the court have oral arguments last year. The conservative majority court appeared ready to eliminate admissions, with race being a factor in decision-making, despite being in law for almost 50 years. Many have
Tade Oyerinde is empowering students to complete their first two years of college without taking on any debt through his community college startup Campus. As per Forbes, Campus has secured $29 million in a Series A funding round led by OpenAI CEO Sam Altman and Discord founder Jason Citron to expand the college. Other investors in the round include Figma founder Dylan Field; former head of Stripe Lachy Groom; Bloomberg Beta; Founders Fund; Rethink Education; Reach Capital and Precursor Ventures. Students and professors are struggling In 2018, Oyerinde conceived the
New Orleans high school senior Dennis Maliq Barnes has set a new national record by receiving more than $9 million in scholarships from 180 colleges and universities. “I’m still getting letters” The 16-year-old senior at the International High School of New Orleans (IHSNO) applied to 200 colleges across the country and has received offers from 180 so far. Local news channel WWL reports that Barnes aims to reach $10 million in offered scholarships by the end of the month. “I am still getting letters. Decision letters were an overflow in
