Billionaire Philanthropist Vows To Pay Off Morehouse College Grads’ Student Debt

Robert F Smith to pay graduates' student debts

Try as they might, it’s doubtful most commencement speakers make a lasting impression on their listeners. But billionaire Robert F. Smith made sure he’ll be remembered, making a generous pledge as the featured speaker at Morehouse College’s graduation ceremony.

Smith committed himself to paying off the college loans amassed by members of the 2019 graduating class at the Atlanta school.

“On behalf of the eight generations of my family who have been in this country, we’re going to put a little fuel in your bus,” he said. “My family is making a grant to eliminate” the student loans.

Smith’s news stunned the crowd of nearly 400 graduates, who leapt from their chairs, responding with shouts and applause.