A billionaire technology investor stunned the entire graduating class at Morehouse College when he announced at their commencement Sunday that he would pay off their student loans — estimated at up to $40 million. And my family is making a grant to eliminate their student loans.”The announcement immediately drew stunned looks from faculty and students alike. Smith, who received an honorary doctorate from Morehouse during the ceremony, had already announced a $1.5 million gift to the school. The student debt for the class of 2019 is estimated to be as much as $40 million though no immediate total had been calculated yet. Morehouse College president David A. Thomas said the gift would have a profound effect on the students’ futures.

Source: National Post May 19, 2019 23:27 UTC