Billionaire To Pay Off Morehouse Class of 2019's Student Debt

Morehouse’ class of 2019 got the surprise of lifetime at their commencement ceremony yesterday. While billionaire Robert F. Smith was there to receive an honorary doctorate from the HBCU, he also offered a commencement speech...and during that speech? Smith promised to pay off the student debt for the entire graduating class.

“On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus,” Smith told the class. “My family is going to create a grant to eliminate your student loans! – This is my class and I know my class will pay this forward.”

Nearly 400 graduating seniors - and staff - were shocked as they leapt out of their chairs and cheered after Smith's announcement. And they should be. That grant reportedly is worth an estimated at $40-million.

 
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