According to a review of its expenditures, rapper Jay-Z’s college scholarship fund does not seem to be doing much good for the few students who receive its grants.
The singer’s Shawn Carter Scholarship Fund gave out what might seem like an impressive $407,250 in grants last year. However, it appears that individual students did not find the grants very helpful, according to the New York Post.
Individual students only got between $1,000 to $2,500 each, “barely enough to cover books,” the paper wrote.
The money reportedly went right to the colleges, not to the students, with $32,000 going to Virginia State University for an undisclosed number of students. – READ MORE