Billionaire Pays Off College Grads Student Loans

An Austin billionaire tech investor shocked the graduating class at Morehouse College in Atlanta this weekend when he announced during his commencement speech that he and his family would pay off their student debt estimated at $40 million!

Robert F. Smith said on stage, "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."

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

As you can imagine the nearly 400 graduating seniors of the all-male historically black college went crazy, with the student on stage in the lower left of the video having the winning reaction!

Smith, who received an honorary doctorate from Morehouse during the ceremony, had already announced a $1.5 million gift to the school.

Now that is what you call paying it forward!

 

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