SCHWARZMAN SCHOLARSHIP TO STUDY IN CHINA

May 2, 2013

Stephen A. Schwarzman, CEO of the Blackstone Group, a private equity firm, recently announced the creation of the Schwarzman Scholarship to study in China. This $300 million scholarship fund is the largest foreign gift made to China. Schwarzman is providing $100 million of the fund personally, has already raised another $100 million, and is still raising the last $100 million.

The Schwarzman scholarship program was inspired by Oxford