Morehouse's commencement speaker shocks graduates by announcing he's paying off their loans

Robert F. Smith gave a commencement speech on Sunday that won't ever be forgotten by Morehouse College's Class of 2019.

The billionaire founder of investment firm Vista Equity Partners announced that he is creating a grant that will cover the cost of every single student loan held by all 396 graduating seniors. "On behalf of the eight generations of my family who have been in this country, we're going to put a little fuel in your bus," he said.

The graduates erupted in cheers and gave Smith...


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