Basketball star Lebron James opened a new school in Akron Ohio this week. Arguably the greatest basketball player of all-time, James joins a long list of millionaires and billionaires who have sought to use their money to get into the education business.
However, unlike people like Mark Zuckerberg or Bill Gates, Lebron has decided to work with the Akron Public Schools, not against them.
Now that he has made millions through his play in the NBA and endorsement deals, he decided to give back to the community he grew up in. Seeing a need to better educate economically disadvantaged kids and families James started working with the Akron Public Schools to create I Promise School.
Unlike other schools funded by the wealthy, this is not a charter school, it's not a private school with vouchers and it's not a magnet school for only the best students. It functions as a STEM school for grades three and four but will expand to educate grades one through eight.
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