Billionaire investor Robert F. Smith announced during his commencement speech that he would pay off the student-loan debt for the Morehouse College graduating class of 2019.
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The HBCU Community Must Stand With Billionaire Philanthropist Robert Smith
I have admired Black billionaire Robert Smith since I first discovered him years ago, long before he transformed the lives of an entire graduating class from Morehouse College, the only all male historically Black college. I thought highly of Smith when he contributed to Carnegie Hall and Cornell University. I even thought of traveling to Dallas or anywhere that I might meet him to share ideas about investing in HBCUs. I was so proud when the wealthiest Black man in America retired the debt of so many promising young men. The act established Smith as a preeminent thought leader of our time.
Let's praise Robert F. Smith -- and heed the problem his donation has laid bare
While considering the incredible generosity of billionaire philanthropist Robert F. Smith, who announced during a commencement speech that he'd be creating a program to pay off the student loans for every student in Morehouse College's class of 2019, you should also think about this: according to statistics from the Department of Education, 99% of borrowers have been rejected by a federal student loan forgiveness program designed to spur public service and reduce the nation's mountain of student loan debt.
A billionaire will pay off debt of Morehouse College's 2019 graduates. Here is what that gesture means
Billionaire investor Robert F. Smith's commitment to pay off the student loan debt for graduates of the historically black Morehouse College covers millions of dollars, the school said.
Morehouse College grads are surprised by a billionaire's promise to pay off their student loans
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.
