Blog Archive

Billionaire Robert Smith pledges to pay off Morehouse College class of 2019's student loans
1096  Yahoo New, scmp 

Billionaire investor and philanthropist Robert Smith was giving the commencement speech at Morehouse College in Atlanta on Sunday, when he deviated from his prepared remarks to make an announcement: “My family is going to create a grant to eliminate your student loans!”

“Everyone started crying and jumping for joy,” said a spokesperson for Smith, who asked not to be identified. “It was him speaking from his heart.”

It is hard to estimate the cost of Smith’s gift to the 2019 graduates of the all-male historically black college, but it could be in the range of US$5 million to US$10 million, according to estimates. There are 400 graduates in the class, and Morehouse costs about US$26,000 per year, his spokesperson said. There was celebration at Morehouse as the grads and their parents processed the news.

Related Posts you may like

  • DNA Found in 70,000-Year-Old Pinky Bone Gives 1st Glimpse of Ancient Human Relative
  • Chris Brown leaves string of thirsty comments on ex Rihanna's lingerie snap
  • Man Allegedly Uses Drone to Drop Bombs on Ex-Girlfriend's House
  • 'Storm Area 51' has alien 'believers' mostly standing near a gate, looking 'to the skies,' feeling the spirit
  • Trump orders additional air defense troops to Saudi Arabia
  • NYPD cops let armed man keep gun in his waistband after Bronx arrest, picture shows
  • Donald Trump's ready to escalate US trade war if deal not agreed soon, says top White House adviser Michael Pillsbury
  • South Korea police say they may have found serial killer
  • Belgian fighter jet crash leaves pilot stuck on power cable
  • Malaysia, Indonesia shut thousands of schools as haze worsens