Commencement Speaker Announces He Will Pay Off Class Of 2019's Student Debt
May 19, 2019
The commencement speaker for Morehouse College's class of 2019 got more than just an inspirational speech.
He announced he would pay off all of their student debt.
Robert Frederick Smith is an American businessman whose net worth is $5 billion.
The 56-year-old former chemical engineer turned investment banker announced during his speech that his family was creating a grant to pay off the student debt of the entire graduating class.
"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," Smith said to over 400 graduating seniors. "This is my class, 2019. And my family is making a grant to eliminate their student loans."
The gift has been estimated at $40 million, the Journal-Constitution reported.
Dogs Are Forced To Wear The Things They Steal — And It’s Hilarious
Meet Nazgul: The Dog Who Crashed An Olympic Ski Race And Nearly Won
She Was Feeling Low On Confidence, So Her Classmates Covered Her Desk In Sticky Notes
A Childhood Bond Reunited: Firefighter Saves The Horse That Taught Him To Ride
This Baby Giraffe Named Eugene Was Born With The Most Hilarious Tuft Of Hair You’ve Ever Seen
On February 28, A Rare Planetary Parade Will Appear In The Evening Sky
Reporter Asks Eileen Gu 'Do You Think Before You Speak?' — Her Answer Is Going Viral
Son Stops Mid Race To Give His Mom A Kiss During The Special Olympics
He Went Back To Pay The Man Who Helped Him — But That’s Not What Happened
A Mom Saw A Soldier Who Didn't Have Any Family... So She Hugged Him
Man Helps Distressed Swan Find Her Way Back To The River
