Commencement Speaker Pays Off Loans for Morehouse College Class of 2019

Students are Morehouse College were blown away on Sunday when Robert F. Smith, a billionaire commencement speaker, announced that his family was going to pay off all the student loans for the class of 2019.

"My family is going to create a grant to eliminate your student loans," Smith said during his speech.

Morehouse College said the gift was over $40 million.

The announcement had the crowds cheering with excitement as some of the kids student loan bills were estimated to be up to $90,000.

Robert F. Smith received an honorary doctorate at Morehouse College and had already announced another gift to the school worth $1.5 million.



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