(CNN) Morehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off the student loan debt for the historically black college's graduating class. "Now, I know my class will make sure they pay this forward," he continued. "I want my class to look at these (alumni) -- these beautiful Morehouse brothers -- and let's make sure every class has the same opportunity going forward because we are enough to take care of our own community. @RFS_Vista May have broken the Internet with his generosity and charge to pay it forward. https://t.co/6dsfw2kToi — Morehouse College (@Morehouse) May 19, 2019The sum among the 396 students adds up to about $40 million, said Morehouse President David A. Thomas.

Source: CNN May 19, 2019 17:20 UTC