Robert F. Smith (left) laughs with David Thomas and actress Angela Bassett on Sunday at Morehouse College in Atlanta. Smith, a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College — an estimated $40 million. Smith, this year’s commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. (Bo Emerson/Atlanta Journal-Constitution via AP)

Robert F. Smith (left) laughs with David Thomas and actress Angela Bassett on Sunday at Morehouse College in Atlanta. Smith, a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College — an estimated $40 million. Smith, this year’s commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. (Bo Emerson/Atlanta Journal-Constitution via AP)

Speaker stuns Morehouse grads, to pay off $40M student debt

Billionaire investor says he expects the recipients to “pay it forward.”

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