A Kind Gift for Students at NC State University

May 11, 2026, 01:50
USFinance

Introduction

Anil and Marilyn Kochhar will pay all student loans for graduates of the Wilson College of Textiles for the year 2025-26.

Main Body

Anil Kochhar told the students about the gift at a big meeting. He is paying for 176 students with a bachelor's degree and 26 students with a master's degree. The university helped him plan this gift. This gift is for Prakash Chand Kochhar. He came from India in 1946. He studied at this university a long time ago. His family gives money to the school often. The students are very happy. They do not have to pay their loans now. One student, Alyssa D'Costa, said this helps her family a lot. The school leader says this makes college cheaper for everyone.

Conclusion

The Kochhars paid the debts for the 2026 graduating class.

Learning

💡 The Power of 'HAVE TO'

In this story, we see a very important rule for A2 learners: how to talk about necessity (things you must do).

The Pattern:

  • Positive: Subject + have to + action → I have to pay.
  • Negative: Subject + do not have to + action → They do not have to pay.

Why this matters: In the text, the students are happy because the debt is gone. They do not have to pay. This means it is no longer necessary.

Quick Comparison:

  • I have to study (It is a rule/necessity) →\rightarrow I do not have to study (I am free!)

Words to remember from the text:

  • Loans →\rightarrow Money you borrow from a bank.
  • Debt →\rightarrow Money that you owe to someone.

Vocabulary Learning

student (n.)
A person who is studying at a school or college.
Example:The student wrote an essay for the assignment.
loan (n.)
Money that is borrowed and must be paid back.
Example:She took a loan to pay for her tuition.
graduating (adj.)
Currently finishing school.
Example:He is a graduating student this year.
college (n.)
An institution of higher education.
Example:She will attend college next fall.
school (n.)
A place where people learn.
Example:The school is closed for the holidays.
family (n.)
A group of people related by blood or marriage.
Example:My family lives in a small town.
money (n.)
Currency used for buying goods.
Example:He saved his money for a trip.
happy (adj.)
Feeling or showing pleasure.
Example:She was happy to see her friends.
pay (v.)
To give money for something.
Example:I will pay the rent tomorrow.
plan (v.)
To decide what to do in advance.
Example:They plan to visit the museum.
gift (n.)
Something given voluntarily.
Example:He received a gift for his birthday.
meeting (n.)
An assembly of people for discussion.
Example:The meeting will start at 10 a.m.
cheaper (adj.)
Less expensive.
Example:The new phone is cheaper than the old one.
everyone (pron.)
All people.
Example:Everyone is invited to the party.