Morehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off their student loan debt
Morehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off the student loan debt for the historically black college's graduating class.
"On behalf of the eight generations of my family who have been in this country, we're going to put a little fuel in your bus," he told the newly minted graduates in Atlanta before saying his family was creating a grant to eliminate their student loans.The announcement was met with a standing ovation and chants of"MVP!""Now, I know my class will make sure they pay this forward," he continued.
— Morehouse College May 19, 2019 The sum among the 396 students adds up to about $40 million, said Morehouse President David A. Thomas. He called Smith's gesture"a liberation gift." Read More"When you have to service debt, the choices about what you can go do in the world are constrained," he said." gives them the liberty to follow their dreams, their passions.
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