Perhaps every college should invite a billionaire to be their commencement speaker.
Courtesy of Mother Jones:
The graduating seniors of Morehouse College, an all-male historically black college in Atlanta, Georgia, received a huge surprise at their commencement ceremony Sunday morning when speaker Robert F. Smith announced he would pay off all of their student loans.
Smith, a billionaire who founded the investment firm Vista Equity Partners, said he would create a grant in his family’s name to eliminate the debt for nearly 400 graduating seniors. “On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus,” he said, to mounting cheers. A spokeswoman for Morehouse College told CNN that the grant would cover about $40 million worth of debt.
“When Dr. King said that the ‘arc of the moral universe bends toward justice,’ he wasn’t saying it bends on its own accord. It bends because we choose to put our shoulders into it together and push,” Smith, who had also pledged $1.5 million to the college, said at the ceremony.
This is an extremely generous gift for these graduating seniors who can now take their degrees and pursue a more hopeful future without thousands of dollars in debt weighing them down the next decade or so.
Perhaps it is now time for the government to do the same for EVERY graduating senior.
It should come as no surprise that Elizabeth Warren already has a plan for that. (Link)