Billionaire Commencement Speaker Gives Surprise Gift to Pay off All Student Loan Debt

   By SheSpeaksTeam  May 24, 2019

James Hill/Morehouse College

Graduating from college comes with a mix of many emotions, including relief, pride, elation and the stress of finding a decent job right away in order to start chipping away at any student loan debt you may have racked up during your education. But for students at Morehouse, an all-male historically black college,  paying off student loans is just one thing they won’t have on their plate as they start out on their career path.

Today reports about how the Morehouse commencement speech given by billionaire investor Robert Smith this year was more than just an inspirational talk. Smith took to the podium and vowed to pay off any student loan debt accrued by the class of 2019’s 400 students. Smith told the crowd,”You have the power within to be great, be you, be unstoppable, be undeniable, and accomplish the things that people thought you never would.”

Smith, a known philanthropist, then slipped in he and his family’s intention to pay off all of their student loan debt. Smith said, “This is my class, 2019. My family is making a grant to eliminate their student loans.” It was at this moment the crowd sat in a moment of disbelief ingesting what Smith had just said before erupting in joyous laughter, cheering and tears.

Smith, who was at the colllege to not only give the speech but also accept an honorary doctorate from the college, came with no intentions to make this sort of donation. But on the day before graduation, he spoke to some of the students and decided paying off their debt would unburden them of a lot of stress and allow them to do great things that much sooner. He said, “I want to inspire future men of Morehouse and I see this as a charge for me to make sure I truly give back.”

Are you still paying off student loan debt?

What do you think of Robert Smith’s good deed to pay off this class of 2019’s student loan debt?

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CarolynMartinez by CarolynMartinez | Birmingham, AL
Aug 01, 2022

Wow, the deed of that man is amazing. And I can imagine how happy those students were when they heard such news. I have a student loan, it's not big, but still, from time to time, I think about it. But education is much more important to me, and taking a loan was the only way for me to get a degree. So now I do my best and put maximum effort. Yes, it's so hard from time to time, but I have a lot of motivation. Besides, nowadays, there are so many helpful sources, like, which I've been using for some time to buy research papers when I needed help with them. And it's the only example, but I know more educational sources, which have been helping me since the first day. So, I have nothing against taking a loan, but only if you know you'll be able to pay it off and won't be lazy in college.

TraceyWest by TraceyWest | California, GA
Jul 30, 2022

OMG! I would be so amazed by the fact that someone paid for my loan, because when I was a student I really needed money to rent a room, and I was paying that money to my local bank to just study, and I found a help from my friend that linked me one service here that I am using till this day, and I am totally happy about it. Furthermore, I asked them for a money help, and they respond to me immediately and after 2 days of waiting the results of my message was on my card and I continue studying!

Red_Jesslyn by Red_Jesslyn | LOUISVILLE, KY
Jun 04, 2019


Jun 01, 2019

no student loan but i got a mortgage to pay off if you know anyone who wants to donate to the jess fund lol