Students at a college in the USA got a surprise during their commencement . The students were listening to a at Morehouse College from the Robert F. Smith. He was a of an honorary degree. He ended his speech by informing 400 students that he would pay their student loans, about $40 million. He said: "This is my , 2019, and my family is making a grant to eliminate their student loans." He added: "On of the eight of my family who have been in this country, we're going to put a little in your bus."
Robert F. Smith, 56, earned an MBA with from Columbia Business School. In 2000, he founded the company Vista Equity Partners, which manages over $46 billion in . Vista made a multi-billionaire. Mr Smith was the first African-American to sign the Giving Pledge. People who sign this to give at half of their wealth to different . A graduate who had his $150,000 loan paid off said it would have an "immeasurable " on his life. He said: "Just imagine the lifted off your shoulders when you have a slate coming out of college."
