Billionaire Pays $34 Million to Settle Morehouse Student Loan Debt

Maria Perez
Sep 25, 2019 - 7:00

Robert F. Smith, a billionaire investor who promised to pay off the student loan debt for the Morehouse College class of 2019, also paid the load debt of the students’ parents. In May, Smith vowed to pay off the student loan debt for the nearly 400 spring graduates at the HBCU (Historically Black Colleges and Universities), the college said in a press release on September 20. “Robert F. Smith, the Founder, Chairman & CEO of Vista Equity Partners, and his family have donated $34 million to the new Morehouse College Student Success Program to pay off the loans that students and parents of the Class of 2019 accumulated to fund a...

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