A Billionaire just pledged to pay off the Student loans for this year Entirely Graduating class – Apply now

Billionaire investor Robert F. Smith announced in a commencement address at Morehouse College on Sunday that he would pay off the student loans of every member of the class of 2019, according to multiple reports

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.”On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus,” Smith said during a speech to the Atlanta college’s graduating class.”My family is going to create a grant to eliminate your student loans,” Smith added, according to a Twitter post by Morehouse College.”This is my class, 2019. And my family is making a grant to eliminate their student loans,” he was quoted as saying.An official at the historically-black, all-male college told a local news station that the gift was worth about $40 million.

There are almost 400 graduating seniors in the class.Smith, who has a net worth of $4.5 billion, according to the Bloomberg Billionaires Index, had already announced a $1.5 million gift to Morehouse.Students cheered loudly at the news.”If I could do a backflip I would. I am deeply ecstatic,” Elijah Dormeus, a business administration major who’s graduating with $90,000 in student loans, told the Atlanta Journal Constitution.

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Smith is the founder and chief executive officer of Vista Equity Partners, a private equity firm headquartered in Austin, Texas, with $56 billion under management. Its holdings include workflow manager Autotask and ticket marketplace Vivid Seats. Smith, 56, graduated from Cornell University and Columbia Business School

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