Billionaire Robert F. Smith pays student debt for all Morehouse grads

I Got $40 Million On It: Black Billionaire Robert F. Smith Pays Off Student Loans For Entire Morehouse Graduating Class

- By Bossip Staff

WASHINGTON, DC - AUGUST 23: Portrait of billionaire philanthrop

Source: The Washington Post / Getty

Robert F. Smith Pays Off Student Loans For Every Morehouse Graduate

Blessings rained down upon the men of Morehouse College‘s 2019 graduating class yesterday and the story is incredible.

According to the AJC, billionaire Robert F. Smith, chairman and CEO of Vista Equity Partners, gave the HBCU’s commencement speech yesterday and during his remarks he dropped a bomb that sent the entire audience into a whooping, cheering, screaming fit.

Smith announced that he was paying off the student loan debt for every single person wearing a cap and gown. Everyone. All 396 students.

The gift is estimated to be worth upwards for $40 million.

Not only were the graduates happy, but their parents were THRILLED!

Tonga Releford, whose son Charles Releford III is a member of the Class of 2019, estimates that his student loans are about $70,000.

“I feel like it’s Mother’s Day all over again,” she said.

Can you imagine getting this kind of financial relief on the day you get your degree???

Elijah Dormeus, a business administration major, said, “If I could do a backflip, I would. I am deeply ecstatic.”A resident of Harlem in New York City, Dormeus, 22, was carrying $90,000 in student debt.

His five siblings all came to Atlanta to see him graduate, along with his mother, Andrea Dormeus, who drives a schoolbus.

Of the debt, mother Dormeus said, “I wasn’t too worried, because my faith in God is really strong.”

A Morehouse spokesperson said that this is easily the biggest gift that has ever been given in school history. We’ll be pleasantly surprised if anyone breaks Robert Smith’s record.

God bless this brotha and congratulations to the men of Morehouse ’19!

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