Students at Morehouse College were gifted an unexpected surprise by a billionaire technology investor and philanthropist who promised to provide grants that would wipe out the student loan debt of the entire 2019 Morehouse graduating class— an estimated $40 million.
Robert F. Smith, this year’s commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. Smith is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology-driven companies.
“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
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Actress Angela Bassett (along with others in business and the arts) were recognized with honorary degrees for their dedication to leadership, service, and excellence at Commencement 2019.
The legendary actress took to social media to thank the school for the honor.
Congrats to Angela and all the 2019 graduates!
Angela Bassett, Edmund Gordon and Robert Smith to receive honorary degrees shortly #MorehouseGrad2019 pic.twitter.com/0JIzA574c0
— Morehouse College (@Morehouse) May 19, 2019