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

Nicole Rojas SAVE THIS

Robert F. Smith (courtesy of Morehouse College, Twitter).

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 cheered, jumped up, and cried.

Smith, who made another donation to Morehouse earlier this year to fund scholarships, told the graduates he knew they would pay it forward….

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