Billionaire to grads at U.S. black college: I'll pay off your student loans

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Robert F. Smith, an African-American businessman tells the new graduating class of historically black Morehouse College that he plans to pay off the entirety of their student debt: an estimated $40 million. WorldNews

PAY IT FORWARD. File photo of Robert F. Smith. Photo by Michael Loccisano/Getty Images North America/AFP

Of course, Smith received a thunderous round of applause from the 400 graduates – and from their parents. "If I could do a backflip, I would," Elijah Dormeus, a business major, told the newspaper."I am deeply ecstatic." Charles Releford Jr., the father of one newly minted graduate and of a second son in Morehouse's class of 2020, has a fervent wish for Smith.We tell you the stories that matter. We ask, we probe, we explain.

 

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