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Texas Billionaire Pays Student Loans of Morehouse Class of 2019


It was a SURPRISE OF A LIFETIME for nearly 400 graduating seniors at Morehouse College this morning (Sunday 5/19/19)!   Austin, Texas based billionaire Robert F. Smith, who was the commencement speaker announced that he would be paying off all of their student loans!!

Smith, who made his fortune as a technology investor had already announced a $1.5 million gift to the HBCU, during his address to the graduates announced that his family was providing a grant that would cover the student debt of the entire Class of 2019.

 “This is my class,” he said, “and I know my class will pay this forward.”

The announcement elicited the biggest cheers of the morning.

One mother in the crowd said that her son’s loans were at about $70,000, and told the Atlanta Constitution Journal that ” I feel like it’s Mother’s Day all over again.

The gift has been estimated at $40 million.

Read more here.

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