Becoming a Russian Oligarch After Rebirth
Chapter 1080 - 940: Scholarship Fund_2

Chapter 1080: Chapter 940: Scholarship Fund_2

It’s not just about providing a profusion of job opportunities, it’s also the best chance for anyone with a dream to develop their career!

As we know, every era has its own opportunities.

In the decade after the Former Soviet Breakdown, those involved in energy and finance were the ones who seized the "opportunity" and thus made a fortune.

While such actions are not necessarily commendable nor easy to replicate, we can only say they were the result of a unique time.

Now, as the next decade approaches, the new tide of the era is already upon us, and whether or not you can seize this opportunity relies on everyone’s personal abilities.

Because the chances being offered now are equal and transparent!

Today, every student here can catch the wind of this developmental surge, based on their hard work and acquired knowledge!

Perhaps in the next five or ten years, among the students present today, many entrepreneurs and tech giants will emerge...

...

It must be said, the effect of this speech was quite good.

These recent graduates are at an age where they’re most likely to be impassioned, and Wang Ye, with his immense influence and appeal among his peers, speaks words that are more readily absorbed.

Moreover, Wang Ye indeed wasn’t leading anyone astray.

Many of the things he spoke about were concrete, ongoing and visible to all!

Like the affordable housing project he was promoting, which provided better and cheaper living conditions for the numerous graduates.

In recent years, many large local Russian enterprises have also been flourishing, even the annual campus recruitment has seen an increase in participating companies compared to the past, and the job positions and salary offers have visibly increased year by year!

This changing environment and the overall thriving and upward development atmosphere are palpable to every university student.

Most of the graduates present are planning to work in Moscow, and most have already found suitable jobs.

After all, this is Moscow University, the unrivaled best academic institution in all of Russia, second to none!

Hence, Moscow University graduates, unless their majors are particularly niche, don’t worry too much about finding jobs. It’s just a matter of job quality and salary level.

In Russia, the only super metropolis is Moscow, not even Petersburg can compare!

If Moscow University graduates don’t plan on studying abroad, then naturally, they would want to work in Moscow—other cities are beneath their consideration...

...

Today’s Graduation Ceremony also brought a gift from Wang Ye to his alma mater, Moscow University.

He announced on the spot that he would donate one hundred million US dollars to establish a Scholarship Fund!

The fund’s rewards are aimed at two types of students, the first being those from financially struggling families.

In every university, there are indeed quite a number of such students. Wang Ye, in his "past life," knew several Russian university students like this.

Because of their poor family conditions, they got accepted into universities, and some exceptionally talented even received scholarships, with tuition and dormitory fees waived.

But, even so, they had to work part-time for a living outside class.

After all, this is Moscow; life is not easy!

Many people might think that education from primary school to university in Russia is free, but that’s a misconception.

From primary to high school, all public schools are indeed free, but that’s not the case for universities.

Each national university does have some free places, but they are difficult for average students to obtain; you need to be exceptionally gifted to get them.

For example, if you won awards in the Olympic math competition during high school, you could apply for a university scholarship that includes a tuition waiver and dormitory fee waiver.

Most other students have to pay tuition fees, though their costs are much lower compared to international students studying abroad.

Approximately a third of what international students pay.

Which means, if a Chinese student studying abroad at Moscow University has a yearly cost including tuition, accommodation, and living expenses that comes to a bare minimum of six thousand US dollars, then a Russian student needs around two thousand US dollars.

At the time, this amount was a considerable sum for most Russian families!

Therefore, students from less affluent families had to work part-time during their free time to earn their tuition and living expenses.

Now, the fund Wang Ye has created is to provide aid to students facing such financial hardships!

It allowed them to devote more time to their studies instead of wasting their precious time working odd jobs to afford tuition and living expenses.

In fact, there was no need for too much aid, a scholarship of three thousand US dollars per student per year was already enough.

The fund provided five hundred scholarships annually to these impoverished students!

Don’t think the number of spots is too few. You should know that Wang Ye’s foundation only catered to Moscow University, and had nothing to do with other schools!

And the total number of freshmen enrolled in all majors at Moscow University each year is probably less than five thousand, so this quota is almost one-tenth, not small at all!

...

The fund would also reward another group of students, those who performed exceptionally well during their time at the university!

This was now unrelated to the students’ economic situation. Everything depended solely on your academic performance. As long as your grades were good enough, even if you were a second-generation rich kid, you could still enjoy this scholarship.

And this type of scholarship was quite high, starting at two thousand US dollars and with no upper limit!

If any student managed to win something like a Nobel Prize during their time at the university, the scholarship awarded by the fund could possibly exceed the Nobel Prize amount...

Of course, such a scenario was almost impossible.

There were no limits to this type of reward. As long as the conditions were met, one could receive a scholarship, still with no upper limit!

So, when calculated, the annual expenditure of the fund wasn’t too high, probably just two or three million US dollars.

A one-hundred-million-dollar fund would take several decades to be fully spent!

If the fund were to gain some interest from bank savings, or earn some financial returns, it would virtually never run out!

This was precisely Wang Ye’s goal.

He did not donate this money so the university could spend it all at once, but to have the fund exist for a long time, allowing students who enrolled many years later to also enjoy the benefits brought by this "senior alumnus"!

Honestly, although Moscow University was considered a world-renowned institution at that time, frequently ranking within the Global Top Ten,

those achievements were all credited to the "old foundation."

After the Former Soviet Breakdown, Moscow University had also fallen on hard times, and its annual finance budget wasn’t high, barely enough to maintain school operations.

Therefore, Wang Ye’s donation of one hundred million US dollars was like sending charcoal in snowy weather.

From the moment he mentioned donating, the principal and various school leaders had never closed their mouths again...

...

Below, there was thunderous applause.

Even though everyone present was a graduate and probably wouldn’t benefit from the welfare that Wang Ye brought,

they were still happy for their alma mater and for their juniors and juniors, as it was foreseeable that Moscow University would become even better with this fund.

At the same time, they truly witnessed what it meant to be genuinely wealthy and influential!

One hundred million US dollars...

This might be a colossal fortune that all the graduates present couldn’t earn in their lifetime!

Of course, Wang Ye himself had to be excluded...

But Wang Ye had donated it casually, and he even specifically told the principal not to name the fund after him, obviously not wanting to appear as if he was fishing for fame or praise.

Being in the same class as such a person, everyone felt the glory of Moscow University!

...

Donating one hundred million US dollars to establish the Scholarship Fund was also something that Wang Ye had prepared in advance.

He just hadn’t informed the school beforehand; it was like a "surprise" for the university!

From the looks of it, the response was quite good.

The principal’s face was beaming with joy as he went up on stage to embrace Wang Ye and raised his hand, letting him bask in the thunderous applause and cheers from below.

When the applause had subsided, the principal naturally announced that Wang Ye would be awarded an honorary doctorate and officially elected as a Distinguished Alumnus!

These were all expected, so no one found them surprising or unreasonable...