Robert F. Smith, a billionaire philanthropist, put his money where his mouth is at the Morehouse College commencement over the weekend. Smith, the commencement speaker, announced he was gifting the school $1.5 million dollars. Very generous. THEN he said he was paying off the college loans of all of the schools college loans!
It’s estimated that smith, who is worth between five and six billion dollars, will pony up approximately $40 million to eliminate the grads’ student loans!
WATCH: Robert F. Smith announces he is paying off graduating seniors college debt!\