• Latest
  • Trending
American Billionaire Surprises Students on Graduation by Promising to Pay Off Student Loans

American Billionaire Surprises Students on Graduation by Promising to Pay Off Student Loans

May 20, 2019
Barber shop

London’s Black Barbers Tackle Poverty & Poor Mental Health

February 1, 2023
Hilary Powell and Dan Edelstyn

London Street Transformed into Solar Power Station by Artists

February 1, 2023
All female punk band

Discover England’s All-Female, Middle-Aged Punk Scene!

February 1, 2023
the Wicked Smaht Zone

Generous Group Leaves $4.6K Tip: ‘We were just, tears’ says waitress

February 1, 2023

Oscar (6) Climbs 12 U.K Peaks to Give Poor Kids a Vacation

January 31, 2023
Mummy

Unwrapping History: Oldest & Most Complete Egyptian Mummy Discovered!

January 31, 2023
hygroscopic mortar

Stone to Style: Zero-Waste Recycling in Mallorca Creates Amazing New Material

January 31, 2023
meteorite found in the Antarctic

Antarctica Strikes Gold with Record-Breaking Meteorite Discovery

January 30, 2023
Przewalski horse

U.S. Zoo Cheers as Rare Horse Foal Makes a Comeback from Extinction

January 30, 2023
green energy

Biggest Wealth Fund Dumps Fossil Fuel Investments for a Greener Future

January 30, 2023
Titanosaur Eggs

Egg-cellent Discovery: Indian Paleontologists Unearth 100s of Titanosaur Eggs!

January 27, 2023
The Great Bubble Barrier

The Great Bubble Barrier: A Company that Stops Plastic Waste from polluting the Ocean!

January 27, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Fact Checking Policy
  • Login
Newsum
  • Home
  • News
  • Technology
  • Entertainment
  • Lifestyle
  • World
  • Inspiring
  • Travel
  • Web Stories
  • Video
  • Advertise
No Result
View All Result
  • Home
  • News
  • Technology
  • Entertainment
  • Lifestyle
  • World
  • Inspiring
  • Travel
  • Web Stories
  • Video
  • Advertise
No Result
View All Result
Newsum
No Result
View All Result

American Billionaire Surprises Students on Graduation by Promising to Pay Off Student Loans

Sonal by Sonal
May 20, 2019
in Inspiring
Reading Time: 2 mins read
0
6
SHARES
119
VIEWS
Share on WhatsappShare on FacebookShare on TwitterShare on LinkedIn

The graduation class of Morehouse College in Atlanta, Georgia were in for a surprise on their graduation day.

American billionaire, investor, and philanthropist Robert F. Smith were due to give the commencement address at the college. And students were expecting just the usual messages. But they were in for a massive shock when Smith announced that he would pay off the student debt for the entire graduating class. He said in his address that his family was on their way to create a grant that would eliminate student loans.

While the exact number is unknown, according to Morehouse President David Thomas, the amount will run into around $40 million. There were around 400 students in the graduating class.

The students were clearly overwhelmed by this benevolent gesture and cheered wildly at the announcement made by the billionaire that would give them a new lease of life.

“My family is going to create a grant to eliminate your student loans!” -Robert F. Smith told the graduating Class of 2019 @RFS_Vista #MorehouseGrad2019 pic.twitter.com/etG8JhVA46

— Morehouse College (@Morehouse) May 19, 2019

Who is Robert Smith?

Widely considered the richest black person in the United States of America with a net worth of $5 billion, Robert Smith is an entrepreneur and the founder of Vista Equity Partners, private equity and venture capital firm. The organization has around 60,000 employees worldwide and owns over 50 software companies, making it one of the largest enterprise software companies across the globe.

Smith has long been known for his philanthropic deeds. He has signed the Giving Pledge, an initiative by Warren Buffett and Bill and Melinda Gates to encourage billionaires across the globe to give away half of their fortune to philanthropic activities. Further, he has founded the Fund II Foundation, which looks into conserving wildlife and safeguarding human rights.

Isn’t this an absolutely wonderful gesture by this altruist? Do let us know what you think.

Tags: Morehouse CollegephilanthropyRobert Smithstudent loans
Previous Post

Historic Win for Asian Countries – Taiwan Parliament Legalises Same-Sex Marriages

Next Post

20th May is World Bee Day

Next Post
20th May is World Bee Day

20th May is World Bee Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Apps
  • Business
  • Car maintenance
  • Cars
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • how to
  • Humor
  • Inspiring
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Others
  • Politics
  • Review
  • Science
  • Security System
  • series
  • Space
  • Sports
  • Startup
  • Sustainability
  • Technology
  • Travel
  • Video
  • Wildlife conservation
  • World
Newsum

#FutureOfNews

Follow & Like Us

Download Newsum App

Recent News

Barber shop

London’s Black Barbers Tackle Poverty & Poor Mental Health

February 1, 2023
Hilary Powell and Dan Edelstyn

London Street Transformed into Solar Power Station by Artists

February 1, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Fact Checking Policy

© 2023 SCVPL - Future of News Newsum.

No Result
View All Result
  • News
  • Technology
  • Movie
  • Lifestyle
  • Review
  • Inspiring

© 2023 SCVPL - Future of News Newsum.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version