How many times have stated that if you were a billionaire you would solve all your friends or worlds problems? Well if you’ve ever uttered this words then challenge has just been laid a billionaire has promised to give out sh 4 billion to wipe a black college students school fees loans.
Billionaire investor and philanthropist Robert F Smith said the unimaginable when he stood atop an outdoor stage on the campus of Morehouse College and started delivering a speech that the nearly 400 graduates probably thought would be the usual commencement fare.
Smith described being bused to a high-performing, predominantly white school across town in Denver, where he grew up. He said he’ll never forget climbing onto bus No. 13 to Carson Elementary.
“Those five years drastically changed the trajectory of my life,” he said. “The teachers at Carson were extraordinary. They embraced me and challenged me to think critically and start to move toward my full potential. I, in turn, came to realize at a young age that the white kids and the black kids, the Jewish kids and the one Asian kid were all pretty much
Smith told the graduates how he launched his lucrative career. He gave them wise words on grit and success. Then he deviated from his prepared remarks.
“My family is going to create a grant to eliminate your student loans!”
The grads and their families were speechless for a moment — before erupting in cheers and shouts of disbelief.
“There was amazement in the room, people’s mouths dropped open,” said Morehouse President David A. Thomas, who learned of the gift at the same moment as the students. “Students were looking at each other like, ‘What did he say?’ Parents hopped up to hug each other.
"My family is going to create a grant to eliminate your student loans!" -Robert F. Smith told the graduating Class of 2019 @RFS_Vista #MorehouseGrad2019 pic.twitter.com/etG8JhVA46
— Morehouse College (@Morehouse) May 19, 2019
It’s hard to estimate the cost of Smith’s gift to the 2019 graduates of the all-male, historically black college, but it could be in the $10 million range, according to some estimates. There were 396 graduates in the class, and tuition, room and board, and other costs run about $48,000 per year, Thomas said.
The audience exploded in chants of “MVP!” after Smith’s announcement. Thomas said that could have either stood for Most Valuable Player, or as Thomas prefers, Most Valuable Philanthropist.
Well Salute to the now one of the most noble men in the world who has made a tremendous impact in the world of education and as well proven that money isn’t everything despite being a billionaire as many strangers still touched his heart for him to sacrifice a lot for.