When billionaire Robert Smith announced that he would be wiping away the student debt of the Morehouse Class of 2019, graduates looked on stunned and, once the announcement sank in, erupted into cheers. Social media was set ablaze with tweets TWTR, +2.96% and posts applauding Smith’s generous gesture.Jordan Long describes his emotions in the immediate aftermath of that decision as “shock, happiness for my friends and also a little bit of sadness.
Long attended Morehouse, a historically black college, in part to fulfill a dream of surrounding himself with “other young black minds,” he said. Black families in particular feel this burden acutely — the racial wealth gap means that black students are more likely to borrow to attend college, borrow more and struggle more to repay it than their white counterparts.
‘Free quality education should be a right for everyone in the world.’ —Jordan Long Giridharadas, who is a frequent critic of the role that philanthropy by the super-rich plays in our society, argued that changing tax policies could help ensure that students like Long aren’t left behind. It’s also still unclear exactly how the gift will play out, including whether it will cover debt incurred by parents to send their sons to Morehouse. Parent PLUS loans, a government-loan product for parents, are a common source of financing for families of students attending historically black colleges.
The compulsion to shit on good things that you all apparently suffer from is incredible.
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Billionaire’s gift to pay off Morehouse Class of 2019 student loans ‘won’t undo systematic inequalities’Smith's gift to Morehouse students highlights how acute the nation’s $1.5 trillion student loan problem has become, particularly for students of color
Source: MarketWatch - 🏆 3. / 97 Read more »
Morehouse College grads are surprised by a billionaire's promise to pay off their student loansMorehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off their student loan debt GOD....You have never created any Religion, Country or Race but at one of your planet People are fighting & Killing each other based on their own Creation of Differentiation. Please listen asap. Amazing
Source: CNN - 🏆 4. / 95 Read more »
Billionaire pledges to pay off student loan debt for Morehouse College class of 2019Robert F. Smith surprised the nearly 400 graduates of the historically black, all-male college during his commencement address. What a nice thing to do. It would be nice if bill gates would follow his lead This is PHENOMENAL!! Good for those young men. Damn wish someone paid my college off for me
Source: USATODAY - 🏆 100. / 63 Read more »
Billionaire Robert F. Smith pledges to pay off Morehouse College Class of 2019′s student loansThe surprise announcement left the graduates crying and jumping for joy. This is wonderful. We need more of such gestures from more of such men and women What's next? Free loans for everyone? Stopfreeschoolnow Iran is the world's largest terrorist country with drugs and terrorist training facilities We hope that American newspapers will present the crimes of the regime of Iran and the Revolutionary Guards in Iraq through their terrorist militias
Source: washingtonpost - 🏆 95. / 72 Read more »
Who’s Robert F. Smith, the billionaire paying off Morehouse College students’ loans?Robert F. Smith’s gift of paying off the student loans of Morehouse College’s 2019 graduating class stunned the students and faculty. The gift is estimated at $20 million to $40 million. Smith is the nation’s richest African American — ahead of Oprah Winfrey — with a net worth of $5 billion. This is huge, it shouldn’t go under the radar. This guy isn’t looking for outside accolades. He’s an accomplished man. The way he blended his words from this to THAT, was the best announcement I’ve ever listen to. Then the reaction. I cried. That is a beautiful thing Robert F.Smith did for the Morehouse grad 🎓 class of 2019 ,and I hope they all return the favor back to a needie person somewhere forward down the road wtg brother Smith 👍
Source: latimes - 🏆 11. / 82 Read more »
A Gift to Morehouse Class of 2019: Your Student Loans Are GoneThe keynote speaker for Morehouse College’s commencement ceremony on Sunday caused elation when he made a stunning announcement: The billionaire would pay off the college debt of every graduate in the class. Wow, that’s an honorable gesture. That’s what a winner looks like. LoserTrump
Source: WSJ - 🏆 98. / 63 Read more »
What to know about Robert F. Smith, the man paying off Morehouse grads' student loansThe 56-year-old billionaire investor is the richest black person in the United States. We need to know nothing. He is going to heaven for sure. He put his money where his mouth is unlike some other people. Historically Black College, bla bla bla bla bla,,,,,,
Source: CNN - 🏆 4. / 95 Read more »
17 Hilarious Tweets About The Billionaire Paying Off Morehouse Class Of 2019's Student Debt'Wonder if he would speak at my monthly mortgage paying ceremony.'
Source: BuzzFeed - 🏆 730. / 51 Read more »
A Billionaire Said He'll Pay All Of The Morehouse College Class Of 2019's Student DebtBillionaire Robert F. Smith Said He'll Pay All Student Debt Of Morehouse College Class Of 2019 Robert.... you are a WONDERFUL man. 🙌🏼🙌🏼
Source: BuzzFeed - 🏆 730. / 51 Read more »
Billionaire pledges to pay off Morehouse students’ debtBillionaire investor Robert Smith surprised graduating students at Morehouse Col... What a timely gesture! So inspiring ! People can do good !!! Thankful
Source: Reuters - 🏆 2. / 97 Read more »