It's his way of giving children something he never had in his youth. “I think it's probably one of the best things I've ever been apart of,” James said to ESPN. “This is very special to me. As a kid growing up in the inner city and as an African American kid, you don't really think past high school because it's not possible or your family can't support you. For us to be able to do something like this ... it means so much.”
The children, who are now in 3rd to 7th grade should meet the necessary attendance, academic and ACT requirements through high school in order to be eligible for the scholarship. Since around 300 children enroll yearly, a total of 2,300 students could receive scholarships from this initiative.
The scholarships will be renewable. With Akron's tuition currently costing $9,500; the foundation could make around $87 million in investment.
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