A Brooklyn school backed by Jay-Z said students could graduate debt-free. Now they're buried in it.

[Rekkapryde]

Fine print for the L

 

[Awesome Wells]

While this is true - it’s also a misleading communication.

For most students who have full ride academic scholarships, this is usually how it reads.

John Forte went through the exact same thing with NYU, in like '92. He's from Brooklyn. Was told that he had a full scholarship, didn't read everything, hopped into a dorm and was told he had a bill for housing. He had to sneak in and out of the dorms for a minute because he didn't know he would owe. Full ride is for tuition. Housing is not included in that. It's optional. Nothing misleading about that, but people want to make this an issue because it's a Jay venture. The other damn near 300 students didn't have an issue reading. 12 did.

The paperwork literally says the tuition is the only thing covered. It's right there. In plain English. People gotta stop unnecessarily creating issues with that dude, for sh*t he's not responsible for.

 

[No1]

For most students who have full ride academic scholarships, this is usually how it reads.

John Forte went through the exact dame thing with NYU, in like '92. He's from Brooklyn. Was told that he had a full scholarship, didn't read everything, hopped into a dorm and was told he had a bill for housing. Full ride is for tuition. Housing is not included in that. But people want to make this an issue because it's Jay.

The paperwork literally says the tuition is the only thing covered. It's right there. In plain English. People gotta stop unnecessarily creating issues with that dude, for sh*t he's not repairable for.

The difference is people expect more because he’s from our community. People should still do their due diligence. But basically they saw Jay and didn’t read anything else. The kids who did read it aren’t complaining. Basically this is a sob story to guilt Jay into paying off their debt but in general teenagers aren’t going to read the fine print- it’s the problem with college as a whole and it hurts them more because Hov is one of us.

 

[Awesome Wells]

The difference is people expect more because he’s from our community. People should still do their due diligence. But basically they saw Jay and didn’t read anything else. The kids who did read it aren’t complaining. Basically this is a sob story to guilt Jay into paying off their debt but in general teenagers aren’t going to read the fine print- it’s the problem with college as a whole and it hurts them more because Hov is one of us.

Again, if you're from NYC, housing for an NYC school is optional.

So if I'm going to school and they give me paperwork saying my tuition is fully covered, as a person who reads whatever agreements I have in front of me, I'm gonna know, like the other 288+ students, that I'm either gonna be commuting to school, or I have to cover my room and board. That's just common sense, if you read what you're agreeing to.

When I went to school, I read literally every damn line when I tried to file for aid. They had some sh*t on there that said I agreed to "selective service" if I accepted financial aid. I went to my parents and asked them what that was. I was 17. They said it meant I agreed to be drafted, if we went to war. I said nah, and just had my parents pay for my sh*t. LOL!! That's not "fine print". I was a kid, and I. made sure to read. You read everything before you agree to it. If you don’t, you're dumb. That's why the other 300 students read and they're fine.

 

[WIA20XX]

While this is true - it’s also a misleading communication.

Especially with a demographic that doesn't traditionally go to college.

 

[No1]

Again, if you're from NYC, housing for an NYC school is optional.

So if I'm going to school and they give me paperwork saying my tuition is fully covered, as a person who reads whatever agreements I have in front of me, I'm gonna know, like the other 288+ students, that I'm either gonna be commuting to school, or I have to cover my room and board. That's just common sense, if you read what you're agreeing to.

When I went to school, I read literally every damn line when I tried to file for aid. They had some sh*t on there that said I agreed to "selective service" if I accepted financial aid. I went to my parents and asked them what that was. I was 17. They said it meant I agreed to be drafted, if we went to war. I said nah, and just had my parents pay for my sh*t. LOL!! That's not "fine print". I was a kid, and I. made sure to read. You read everything before you agree to it. If you don’t, you're dumb. That's why the other 300 students read and they're fine.

And I’m telling you as a lawyer there’s a reason we put clauses in agreements that says the person was fully aware of what they signed or that they had the opportunity to consult legal. The agreement is probably binding regardless but it cuts against the argument that someone didn’t know what they signed.

 

[Awesome Wells]

Especially with a demographic that doesn't traditionally go to college.

I think that's demeaning though. Plenty of us are going to college.

We can't do the "black people don’t read" thing. My cousin went to the same school in the 90's, on a ball scholarship. Room and board at LIU was too expensive, so he just commuted from uptown. We're not incapable or need to have our hands held when it comes to paperwork. If these kids were applying up, their parents should've been on top of the agreement. And they should have been too.

It's like someone else said, 96% of the other kids read and understood the paperwork. If 4% didn't, then that's an indictment on them, not the paperwork.

 

[Awesome Wells]

And I’m telling you as a lawyer there’s a reason we put clauses in agreements that says the person was fully aware of what they signed or that they had the opportunity to consult legal. The agreement is probably binding regardless but it cuts against the argument that someone didn’t know what they signed.

My dad works at Weil, Gotshal in the city. He's an attorney. So I grew up reading everything!

I was taught to not agree to anything before you read and understood it. So if you look at the numbers, only 4% didn't do their homework. 4! This wasn't like the contracts I saw in the music business. This was plain English given to students who were from NYC. So housing wasn't even necessary for most of them. So this is not one of those cases where people were preyed upon. This is about those very few people just not reading. And when you see the other almost 300 who did read flourishing, you can clearly see that there will always be a small amount of people who don’t want to take accountability for their f*ck up's.

 

[WIA20XX]

I think that's demeaning though. Plenty of us are going to college.

We can't do the "black people don’t read" thing. My cousin went to the same school in the 90's, on a ball scholarship. Room and board at LIU was too expensive, so he just commuted from uptown. We're not incapable or need to have our hands held when it comes to paperwork. If these kids were applying up, their parents should've been on top of the agreement. And they should have been too.

It's like someone else said, 96% of the other kids read and understood the paperwork. If 4% didn't, then that's an indictment on them, not the paperwork.

Do you put the responsibility on the 17 year old kid from the projects to parse legal paperwork, understand college expenses, and do future economic forecasting

or

the prolly 40-50+ year old lawyer from a major law firm and the 501(c) organization backed by a supposed billionaire?

There's a major imbalance in power here, and the right way to look at it, is to understand the dynamics, rather than hit cats with a "pull yourself up by your boot straps"

This is literally the same okey doke that record labels have been pulling on entertainers, or how corporate america treats its workers.

 

[Awesome Wells]

Do you put the responsibility on the 17 year old kid from the projects to parse legal paperwork, understand college expenses, and do future economic forecasting

or

the prolly 40-50+ year old lawyer from a major law firm and the 501(c) organization backed by a supposed billionaire?

There's a major imbalance in power here, and the right way to look at it, is to understand the dynamics, rather than hit cats with a "pull yourself up by your boot straps"

This is literally the same okey doke that record labels have been pulling on entertainers, or how corporate america treats its workers.

Bro, I'm from the projects myself. Douglass.

And I still made sure back then, when it was my time to apply for mad schools, to read every single line. Jay and whoever he had writing whatever paperwork is not going to affect my ability to read and understand what's written. Just like it didn't for the other 300 students. If 96% of the kids graduated debt-free and went off to flourish, why are we faulting paperwork for the 4% who admittedly said they "didn't understand" the agreement? Because it's Jay?

12 people out of 300 didn't read their agreement. But over 288 did. And the conclusion is to blame the wealthy black dude? Come on, lol.

It's nothing like the music business. That's where I've made my living since way back. In the music business 299 out of 300 contracts aren't favorable. These kids all got the same agreement. And 96% of them understood what it was and did well. 4% said they didn't even read and understand it. That is nothing like what's been going on in music.

 

[Bugzbunny129]

Wow

No shame

Trick kids into being guinea pigs for a school that didnt exist, give them substandard bs and charge them for a degree thats worthless. Ripping off children now jay?

 

[WIA20XX]

Bro, I'm from the projects myself. Douglass.

But also

"My dad works at Weil, Gotshal in the city. He's an attorney. So I grew up reading everything!"

And I still made sure back then, when it was my time to apply for mad schools, to read every single line. Jay and whoever he had writing whatever paperwork is not going to affect my ability to read and understand what's written. Just like it didn't for the other 300 students. If 96% of the kids graduated debt-free and went off to flourish, why are we faulting paperwork for the 4% who admittedly said they "didn't understand" the agreement? Because it's Jay?

12 people out of 300 didn't read their agreement. But over 288 did. And the conclusion is to blame the wealthy black dude? Come on, lol.

Again, you're using your personal experience and asking these other cats - "Why you ain't like me?"

Like MJ asking why everyone else can't be a pro baller.

Like that dude talmbout how the rich just get loans against their assets, how come the Coli ain't a bunch of Hedge Fund managers...

Meanwhile, your pops works at a major global law firm and has taught you to read things before you sign them.

Which wouldn't work in this case, because a contract about TUITION, probably doesn't mention room, board, books, etc.

It takes outside knowledge to know that going to college costs more than just tuition.

Moreover, it takes actually going to college, to understand that a lot of the education isn't just happening in the classrooms and the libraries - but in meeting the other people on campus, making those connections, parlaying that into a social network, possible internships, business partnerships, etc.

This is just as dumb as Jay Z's Bitcoin Academy

The Bitcoin Academy

Education is power. Shawn "JAY-Z" Carter and Jack Dorsey are funding The Bitcoin Academy, a program for residents of Marcy Houses, in Brooklyn, New York, where Jay grew up.

www.thebitcoinacademy.com

I get it, you just want to blame these dummies for being dumb.

But not you, you didn't fall for that, because you're one of the smart ones - even though your dad's a big shot attorney and you grew up in the projects...

 

[Cladyclad]

But also

"My dad works at Weil, Gotshal in the city. He's an attorney. So I grew up reading everything!"



Again, you're using your personal experience and asking these other cats - "Why you ain't like me?"

Like MJ asking why everyone else can't be a pro baller.

Like that dude talmbout how the rich just get loans against their assets, how come the Coli ain't a bunch of Hedge Fund managers...

Meanwhile, your pops works at a major global law firm and has taught you to read things before you sign them.

Which wouldn't work in this case, because a contract about TUITION, probably doesn't mention room, board, books, etc.

It takes outside knowledge to know that going to college costs more than just tuition.

Moreover, it takes actually going to college, to understand that a lot of the education isn't just happening in the classrooms and the libraries - but in meeting the other people on campus, making those connections, parlaying that into a social network, possible internships, business partnerships, etc.

This is just as dumb as Jay Z's Bitcoin Academy

The Bitcoin Academy

Education is power. Shawn "JAY-Z" Carter and Jack Dorsey are funding The Bitcoin Academy, a program for residents of Marcy Houses, in Brooklyn, New York, where Jay grew up.

www.thebitcoinacademy.com

I get it, you just want to blame these dummies for being dumb.

But not you, you didn't fall for that, because you're one of the smart ones - even though your dad's a big shot attorney and you grew up in the projects...

Those 12 people need to repeat the same grade

tuition does not mean room and board

a 10 year old should know that

 

[Awesome Wells]

But also

"My dad works at Weil, Gotshal in the city. He's an attorney. So I grew up reading everything!"



Again, you're using your personal experience and asking these other cats - "Why you ain't like me?"

Like MJ asking why everyone else can't be a pro baller.

Like that dude talmbout how the rich just get loans against their assets, how come the Coli ain't a bunch of Hedge Fund managers...

Meanwhile, your pops works at a major global law firm and has taught you to read things before you sign them.

Which wouldn't work in this case, because a contract about TUITION, probably doesn't mention room, board, books, etc.

It takes outside knowledge to know that going to college costs more than just tuition.

Moreover, it takes actually going to college, to understand that a lot of the education isn't just happening in the classrooms and the libraries - but in meeting the other people on campus, making those connections, parlaying that into a social network, possible internships, business partnerships, etc.

This is just as dumb as Jay Z's Bitcoin Academy

The Bitcoin Academy

Education is power. Shawn "JAY-Z" Carter and Jack Dorsey are funding The Bitcoin Academy, a program for residents of Marcy Houses, in Brooklyn, New York, where Jay grew up.

www.thebitcoinacademy.com

I get it, you just want to blame these dummies for being dumb.

But not you, you didn't fall for that, because you're one of the smart ones - even though your dad's a big shot attorney and you grew up in the projects...

Nah, I'm looking at the numbers.

I'm from the projects. That doesn't change my ability to be thorough with things I'm applying for or going after. Just like it didn't for 96% of these students. 4% is outliers. Most of these families who put these kids in the school did what they were supposed to. So how are we picking the 12 and saying that they were "misled"?

300 did their thing and graduated debt-free, but 12 didn't, and the take is to blame a rapper for misleading 12 people who admitted to not reading what they signed? And because they didn't read, we're gonna start demeaning them and saying that because they're from the hood they were taken advantage of? Nah, bro.

The Bitcoin sh*t was bad. This is something completely different.

 

[lib123]

The difference is people expect more because he’s from our community. People should still do their due diligence. But basically they saw Jay and didn’t read anything else. The kids who did read it aren’t complaining. Basically this is a sob story to guilt Jay into paying off their debt but in general teenagers aren’t going to read the fine print- it’s the problem with college as a whole and it hurts them more because Hov is one of us.

I don’t know why y’all expect much from Jay. He sold drugs to these kids grandparents and saw first hand the ripple effects to the Black community as he was doing so. And people forget what he did to help the Nets gentrify Brooklyn.