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The keynote speaker at Morehouse College' commencement ceremony announced a grant Sunday wiping out the student debt of the entire 2019 graduating class.
Billionaire Robert Smith’s surprise gift in front of nearly 400 graduating seniors may be worth about $40 million, officials said.
"My family is going to create a grant to eliminate your student loans," Smith said, according to WXIA-TV. "You great Morehouse men are bound only by the limits of your own conviction and creativity."
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Smith was the recipient of an honorary doctorate from Morehouse during the commencement.
Morehouse College is an all-male historically black college located in Atlanta.
Smith is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology-driven companies.
Morehouse graduation speaker to pay off student loans of entire 2019 class
The keynote speaker at Morehouse College’s commencement ceremony announced a grant Sunday wiping out the student debt of the entire 2019 graduating class.
www.foxnews.com