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About a month ago 60 Minutes was on the TV and they were featuring one of the Ivy League schools which came up with a way to suprise their graduating class of medical students with an announcement that their entire student loan debt, many of which where $100,000.00+ would be forgiven. I remember thinking what a wonderful graduation gift that was for these students and what an edge it would give them in pursuing their dreams and now here we have another graduating class having their student loan debt wiped out.
Apparently where there's a will there's a way
Apparently where there's a will there's a way
Billionaire tech investor and philanthropist Robert F. Smith stunned graduates of Morehouse College in Atlanta on Sunday, pledging tens of millions of dollars to wipe out their student-loan debts.
Wild cheers and astonished looks greeted Smith after he made the gift during his commencement address at the famed, all-male historically black college.
"My family is going to create a grant to eliminate your student loans," Smith told graduating seniors. "You great Morehouse men are bound only by the limits of your own conviction and creativity."
Smith called the gift "a little fuel" for the 396 students who comprise the Morehouse Class of 2019.
"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," the philanthropist said.
The billionaire pledged to pay up to $40 million to relieve the students' debt — and that eight-digit gift should be more than enough to cover all the grads' loans, a Morehouse rep told NBC News.
Philanthropist pledges millions to clear Morehouse grads' student debt
Wild cheers and astonished looks greeted Smith after he made the gift during his commencement address at the famed, all-male historically black college.
"My family is going to create a grant to eliminate your student loans," Smith told graduating seniors. "You great Morehouse men are bound only by the limits of your own conviction and creativity."
Smith called the gift "a little fuel" for the 396 students who comprise the Morehouse Class of 2019.
"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," the philanthropist said.
The billionaire pledged to pay up to $40 million to relieve the students' debt — and that eight-digit gift should be more than enough to cover all the grads' loans, a Morehouse rep told NBC News.
Philanthropist pledges millions to clear Morehouse grads' student debt