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Thread: Billionaire pays off Morehouse college student loans

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    Billionaire pays off Morehouse college student loans

    Morehouse College Graduates’ Student Loans to Be Paid Off by Billionaire

    Mr. Smith also gifted the school with scholarship grants earlier this year.


    Billionaire investor Robert F. Smith.

    5/19/19
    The 396 young men began the day as students in caps and gowns, ready to graduate from Morehouse College — full of hope, but burdened in most cases with the debts that financed their education. Then their commencement speaker went off-script with an extraordinary pledge: the newly minted alumni of the historically black college in Atlanta would go forth into the world student debt-free. Robert F. Smith, the billionaire investor who founded Vista Equity Partners and became the richest black man in America, told the crowd that he and his family would pay off the entire graduating class’s student debt, freeing them to begin their next chapter, whether it was a master’s program, a position with Teach for America or an internship at Goldman Sachs, without loan payments to worry about.

    The announcement came at a time of growing calls across the country to do something about the mounting burden of student loan debt, which has more than doubled in the past decade. “We’re going to put a little fuel in your bus,” Mr. Smith, dressed in academic regalia to receive an honorary doctorate, said near the end of his address on Sunday at the school’s 135th commencement service. He turned to Morehouse alumni in attendance and abruptly issued a challenge. “This is my class, 2019,” he said, personally claiming the graduating seniors as his own. “And my family is making a grant to eliminate their student loans.” It seemed to take a moment for the immensity of what he had promised to sink in. Then the place erupted, as the senior class, all male and mostly African-American, shook hands and hugged one another in glee.
    A life-changing event. Now these grads can marry, buy a house, continue with school, do anything without crippling student loan payments due every month.

    Related: Who Is Robert F. Smith, the Man Paying Off Morehouse Graduates’ Loans?


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    Re: Billionaire pays off Morehouse college student loans

    Pretty cool!

    Also, I don't know if most people know about this, from the Gates Foundation:

    $1 billion over 20 years to establish the Gates Millennium Scholarship Program, which will support promising minority students through college and some kinds of graduate school.

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    Re: Billionaire pays off Morehouse college student loans

    A man to be admired for his generosity, putting his money where his mouth is. A Just Man.
    What kind of a man is a man who has not left this world a better place?

    No one is in control.

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    Re: Billionaire pays off Morehouse college student loans

    Quote Originally Posted by Rogue Valley View Post
    Morehouse College Graduates’ Student Loans to Be Paid Off by Billionaire

    Mr. Smith also gifted the school with scholarship grants earlier this year.


    Billionaire investor Robert F. Smith.



    A life-changing event. Now these grads can marry, buy a house, continue with school, do anything without crippling student loan payments due every month.

    Related: Who Is Robert F. Smith, the Man Paying Off Morehouse Graduates’ Loans?
    Was listening to the news before myself and wife knew what happened
    Watched the interviews of those that had their debt paid off
    1 was a fellow, spoke that he wanted to pay his loans off in a year, stage 2 was helping his mother. He stated that stage 1 was done, on to stage 2, and he had 7 brothers
    Reese Witherspoon- Big little lies
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    I tend to each and every one of them

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    Re: Billionaire pays off Morehouse college student loans

    This is so awesome. I wish more billionaires would follow his example and pay it forward.

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    Re: Billionaire pays off Morehouse college student loans

    Quote Originally Posted by JC Callender View Post
    Pretty cool!

    Also, I don't know if most people know about this, from the Gates Foundation:

    $1 billion over 20 years to establish the Gates Millennium Scholarship Program, which will support promising minority students through college and some kinds of graduate school.
    And all of the students who have the wrong skin color are SOL.

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    Chico needed the money...
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    Re: Billionaire pays off Morehouse college student loans

    Quote Originally Posted by AmNat View Post
    And all of the students who have the wrong skin color are SOL.
    Oh, look who brings race into this...:roll
    Never pet a dog that is on fire.

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    Re: Billionaire pays off Morehouse college student loans

    Quote Originally Posted by beefheart View Post
    Oh, look who brings race into this...:roll
    It’s a racially restricted scholarship. The Gates Foundation brought race into it by including a racial restriction on who could get it.

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    Chico needed the money...
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    Re: Billionaire pays off Morehouse college student loans

    Quote Originally Posted by AmNat View Post
    It’s a racially restricted scholarship. The Gates Foundation brought race into it by including a racial restriction on who could get it.
    Its a historically black college.

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    Re: Billionaire pays off Morehouse college student loans

    If Mr Smith has that much money to throw around its obvious he isn't paying enough taxes.Lets see his tax returns for the last 10 years

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