Millionaire will pay debts for study of a whole course of college students in Atlanta

During the graduation ceremony at Morehouse College, Atlanta, Georgia, one of the invited guests, millionaire philanthropist, general director of Vista Equity Partners Robert Smith, promised to pay off all student loans of 2019 graduates of the year, writes Fox News.

Photo: Twitter Morehouse College

Smith spoke to 400 students. His gift can cost him 40 million dollars.

“My family is planning to create a grant to pay off all your student loans so that you, the great people of Morehouse, will be bound only by the limits of your own beliefs and creativity,” Smith said.

Tonga Releford, whose son Charles Releford graduates in 2019, calculated that his student loans are about 70 000 dollars.

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This statement caused a wave of gratitude.

“When Dr. King said that “the arc of the moral universe bends toward justice,” he did not say that it bends on itself. It bends because we decided to work together to push it,” Smith said at the ceremony.

At one time, Smith received his doctorate from Morehouse College.

Morehouse College is a historically black college located in Atlanta.

Smith is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology companies.

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He is also a graduate of Cornell and Columbia Business School.

In January, Morehouse announced that Smith had donated 1,5 million dollars to student scholarships and a new campus park.

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