The surprise announcement left the graduates crying and jumping for joy.
Robert F. Smith, left, laughs with David Thomas, center, and actress Angela Bassett at Morehouse College on Sunday. At the graduation, he announced he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College. By Allison Klein Allison Klein Anchor of the Inspired Life blog Email Bio Follow May 19 at 2:32 PM Billionaire investor and philanthropist Robert F.
— Morehouse College May 19, 2019 It’s hard to estimate the cost of Smith’s gift to the 2019 graduates of the all-male historically black college, but it could be in the range of $5 million to $10 million, according to estimates. There are 400 graduates in the class, and Morehouse costs about $26,000 per year, his spokesperson said.
“But success has many parents,” he continued. “And as hard as each of you has worked to achieve what you all have achieved today, you’ve had a lot of help along the way. We are the products of a community, a village, a team."
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