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Billionaire Commencement Speaker Surprises Grads With Huge Student Loan Announcement


Added 05-19-19 01:34:02pm EST - “The commencement speaker at a historically black college today surprised graduates of the class of 2019 by announcing he will pay off the student debt of the entire class of 400 students.” - Mediaite.com

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Posted By TheNewsCommenter: From Mediaite.com: “Commencement Speaker Surprises Grads With Huge Announcement”. Below is an excerpt from the article.

The commencement speaker at a historically black college today surprised graduates of the class of 2019 by announcing he will pay off the student debt of the entire class of 400 students.

The Atlanta Journal-Constitution reports that billionaire investor and philanthropist Robert F. Smith had already promised $1.5 million gift to Morehouse College.

But he surprised some in the crowd of graduating students and their families by announcing that he and his family will also provide a grant to eliminate the student debt of the entire class of 2019.

Tonga Releford, whose son is a member of the Class of 2019, estimates that his student loans are right at about $70,000. “I feel like it’s Mother’s Day all over again,” she said.

“This is my class,” Smith said during the Sunday graduation exercises. “I know my class will pay this forward.”

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