News

Graduation speaker pledges to pay class of 2019 student debt

ATLANTA - A billionaire technology investor and philanthropist says his family is providing grants to wipe out the student debt of the entire 2019 class at Morehouse College.

Robert F. Smith made the announcement Sunday morning in front of nearly 400 graduating seniors and elicited the biggest cheers of the morning.

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

The Atlanta Journal-Constitution reports the pledge to eliminate the student debt for the class has been estimated at $40 million.

Morehouse College is an all-male historically black college located in Atlanta.

ARTICLE CONTINUES BELOW

Smith is the Founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data, and technology-driven companies.
Read more on Toronto Star
News Topics :
Similar Articles :
World
Robert F. Smith, left, laughs with David Thomas, center, and actress Angela Bassett at Morehouse College on Sunday, May 19, 2019, in Atlanta. Bo Emerson/Atlanta Journal Constitution via AP Published Sunday,...
Top Stories
A billionaire technology investor stunned the entire graduating class at Morehouse College when he announced at their commencement Sunday that he would pay off their student loans — estimated at...
World
ATLANTA — A billionaire technology investor stunned the entire graduating class at Morehouse College when he announced at their commencement Sunday that he would pay off their student loans —...
World
ATLANTA Oprah Winfrey says she’s giving $13 million to increase a scholarship endowment at a historically black college. Winfrey announced her plan Monday at Morehouse College in Atlanta, adding...
World
ATLANTA One of the nation’s top historically black colleges is cutting employee salaries and retirement contributions to increase student aid. The announcement Monday by Atlanta’s Morehouse College comes months...