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NY grads say billionaire's student loan payoff is life-changing


Added 05-20-19 08:18:02pm EST - “A New Rochelle college graduate says he is still in shock after learning billionaire tech mogul Robert F. Smith was picking up the tab for his student loan debt.” - Nypost.com

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Posted By TheNewsCommenter: From Nypost.com: “NY grads say billionaire’s student loan payoff is life-changing”. Below is an excerpt from the article.

A New Rochelle college graduate says he is still in shock after learning billionaire tech mogul Robert F. Smith was picking up the tab for his student loan debt.

Morehouse College philosophy major John Jacob Burns, 21, was planning to take a gap year to pay down his $30,000 loan before Smith stunned 396 graduating seniors on Sunday by promising to pay their school debts — a bill expected to cost a cool $40 million.

“I’m still wrapping my head around how much of a blessing Robert Smith’s gift was,” Burns told The Post on Monday after Smith’s bombshell during his keynote speech at the all-male historically black college in Atlanta, Georgia.

“Once you start trying to consider what your professional career might look like, you start to realize the burden of debt and how limiting that is,” the aspiring philosophy professor said.

“I was trying to consider the things I would have to do to alleviate the debt. I was thinking of taking a gap year to pay off the debt, but now I can be more focused on my career.”

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