Billionaire Robert Smith Pledges to Pay Off Morehouse Grads’ Student Loan Debt

Nicole Rojas
May 21, 2019 - 5:00

The nearly 400 members of Morehouse College’s graduating class of 2019 received more than a diploma on May 19. Commencement speaker Robert F. Smith, a billionaire investor, announced in his speech that he and his family would pay the graduates’ student debt. “We’re going to put a little fuel in your bus,” Smith said towards the end of his address at Morehouse’s 135th commencement. “This is my class, 2019. And my family is making a grant to eliminate their student loans.” His announcement took just a few seconds to sink in. Professors and speakers sitting behind Smith looked on in awe before 396 graduates erupted in celebration. The all-male senior class...

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