Commencement speaker at Morehouse College offers to pay debt for graduating seniors.

By |2019-05-19T12:52:50-08:00May 20th, 2019|Categories: News|Tags: , , , , , |9 Comments

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)

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  1. anonymous May 20, 2019 at 8:01 am

    “Media Matters found that on-air personalities at the right-leaning news network have made a total of at least $500,000 in speaking fees for appearances at Republican groups and conservative organizations while working at Fox News. everal of the network’s news division employees—including Shannon Bream, Chris Stirewalt, and Neil Cavuto—have headlined events alongside Trump administration officials or spoken at events on Trump properties. Fox News did not respond to a request for comment on this story. Monday’s report shows that partisan speaking gigs have proven fairly lucrative side gigs for at least seven top Fox News personalities.”

  2. Anon May 20, 2019 at 8:14 am

    He didn’t offer to pay for hairdressing certificates, real estate licences, or nursing school, so naturally, Sarah will take her bible brain and say this guy is attacking her kids. She knows nothing else, and no other way. Because, remember, she sees the bible as a fixed history, and a savior with a spine standing by at pearly gates elsewhere. Its all so measurable and known, these stories for the ignorant, unwilling and unable to deal with uncertainty, suffering, and the insubstantial. Oh wait, that’s like, all of what there is in duality itself. The ignorant are fighting nature itself.

  3. OK May 20, 2019 at 8:33 am
  4. Anon May 20, 2019 at 12:15 pm

    Not sure about the students that will receive this gift of student loans paid off. BUT!! Many kids around the country took out loans and never went to school or took out loans to be in a bogus profession. I am not sure paying off student loans will teach these kids anything. If they are in a needed professional such as medical, education etc. than that can be worked out. But back when kids that did well in high school, jr college received help. They should work on affordable education and stopping predator loans.

  5. Anonymous May 20, 2019 at 10:23 pm

    I’ll believe it when it happens. I don’t think he was aware of what he was getting into. 396 graduates. They estimate the bill will be about $40 million dollars.

    • Anon May 20, 2019 at 11:44 pm

      40M would buy bristol a lot of jaws.

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