This billionaire just pledged to pay off everyone's student loan debt in the Morehouse Class of 2019:
How's this for a graduation present?
Robert F. Smith, a billionaire investor and philanthropist, just gave the ultimate graduation gift to the Morehouse College Class of 2019: Smith said he will pay off each graduate's student loan debt - in full.estimated worth of $5 billion and is the founder and CEO of Vista Equity Partners, an investment firm focused on software, data and technology, and served as commencement speaker at Morehouse on Sunday. During his speech, he announced that his family would establish a grant to pay off student loan debt for all Morehouse graduates in the Class of 2019, which is approximately 400 students. The gift isat about $40 million, and is in addition to a $1.5 million gift Smith already announced to Morehouse.
"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 said."This is my class, 2019. And my family is making a grant to eliminate their student loans..."I know my class will make sure they pay this forward…and let’s make sure every class has the same opportunity going forward because we are enough to take care of our own community.
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