The Morehouse graduate feels that "a multi-millionaire student is motivated to change the world"

The Morehouse graduate feels that "a multi-millionaire student is motivated to change the world"
Multimillionaire technology investor and philanthropist Robert Smith has eroded the burden of student loan debt for the entire 2019 class at Morehouse College in Atlanta. Historically, the amount of tuition and other expenses at a university for black men, more than $ 48,000 per year. Now, multi-billionaire donations will allow graduates to focus on their dreams rather than their debts.

Smith is the founder and CEO of a private equity firm. According to Forbes, their estimated value is $ 5 billion.

"On behalf of the eight generations of my family, who are in this country, we are going to put some fuel on their bus," said Smith, who surprised the $ 40 million during his graduation speech on Sunday, promise. Every student of their student loan

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

School administration was also shocked by this announcement.

"Imagine the weight you grow from your shoulders when you have a clean slate leaving the university," said David Lewis, who has just graduated with Morah with a degree in Business Administration. After learning this, he danced around the platform that his debt of more than $ 150,000 was exhausted.

"It's a great feeling, in a good way," Louise told correspondent Mark Straussman. "I am very motivated to change and change the world."

The 21-year-old of Compton, California used to be homeless and often did not know where his next meal would come from, how much he would pay for a day for college.

"Wow, that's fine, I'm going to get into debt with a few hundred thousand dollars, right?" And then, the last 30 seconds of being a college student, someone tells him, 'I got the burden of your student loan I am; go and change the world. "

Smith's generous gift comes when student loan debt has increased to about $ 1.5 trillion. The average student loan is more than $ 33,000.

Lewis says that Smith's gift inspires him to help others who fight like him. "This is the place for you in this world," he said. "You can do whatever you want, you can follow your dreams, and I think this is the same where it starts, I think that once you have 'I want to be horrible and I am the world I want to change the mindset, I promise that energy bus transports. "

The total amount of student loan for the class is still being counted.

In return, Smith says that he hopes to "pay for it", and challenging alumni to give equal opportunities to future classes.

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