In a moment that instantly went viral in 2019, Morehouse commencement speaker Robert F. Smith surprised graduates at the 135th ceremony with the news that he would be paying off all their student loans. Now Smith, in partnership with Live Nation Urban and the city of Atlanta, wants to help even more HBCU students struggling with loans through his Student Freedom Initiative. According to the organization, the goal was to provide a scalable solution to the $1.7 trillion student loan debt crisis, where 43 million borrowers hold an average student loan debt balance of $38,000 each. “If we want to really prepare and
The post Billionaire Who Paid Off $34M for Morehouse Grads Wants to Help Others appeared first on HBCU News.
