Billionaire surprises 400 grads with loan pay-off promise

Twitter

Morehouse College seniors were in for a surprise when billionaire investor Robert F. Smith announced his plans to pay off the student loan debt for the graduating class.

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

Smith, who received an honorary doctorate at the ceremony, had already pledged $1.5 million to the college.

According to reports, the total amount covered for the 396 students is estimated to be up to $40 million.

More from International News

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio

  • ARN News Centre

    Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.

  • Ed Sheeran - UAE EXCLUSIVE

    Latest album, what happened with BTS, raising a baby girl, eye surgery, and more!

  • Gary Vee on Crypto!

    Gary talks about the latests trends in crypto and why everyone should be getting educated on it!

  • Mais Vault on the Kris Fade Show!

    The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...