Billionaire Surprises Graduates, Pledges To Pay Off $40 Million In Student Loans

By NY Post
Posted on 05/20/19 | News Source: MATZAV

Billionaire tech investor Robert F. Smith stunned college graduates on Sunday as he gave their commencement speech — offering to pay their student debts despite it costing an estimated $40 million.

“On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus,” Smith told the 400 graduating seniors at the all-male Morehouse College in Atlanta.

“This is my class, 2019. And my family is making a grant to eliminate their student loans.”



The announcement was initially met with stunned looks — before the graduates broke into cheers and tears at the largest gift ever given to the historically black college.

Read more at NY POST.