Billionaire graduation speaker pledges to pay entire class’ student debt
Atlanta – A billionaire technology investor and philanthropist says his family is providing grants to wipe out the student debt of the entire 2019 class at Morehouse College.
Robert F. Smith made the announcement Sunday morning in front of nearly 400 graduating seniors and elicited the biggest cheers of the morning.
Smith received an honorary doctorate from Morehouse during the ceremony. He had already announced a $1.5 million gift to the school.
The Atlanta Journal-Constitution reports the pledge to eliminate the student debt for the class has been estimated at $40 million.