Morehouse College Donor Expands Student Loan Gift
Morehouse College Donor Expands Student Loan Gift
"This liberation gift from Robert Smith — the first of its kind to be announced at a graduation in higher education — will be life-changing for our new Morehouse Men and their families,” David A. Thomas, president of Morehouse, said in a statement. Smith, founder, chairman and CEO of Vista Equity Partners, has now donated $34 million to more than 400 of the students and parents of the historically black college for men. "It is our hope that our graduates will use their newfound financial freedom to pursue their career goals, to lead and serve the community, and to remember the spirit of the gift given to them by paying it forward to support the education of future classes of Morehouse Men,” Thomas said.
Morehouse Donor To Cover Student Loans that Parents Took Out
Billionaire' s pledge reflects growth of school debt held by people 50 and older
Associated Press It's a historic graduation gift that keeps on giving. Billionaire Robert F. Smith's promise last spring to pay the Morehouse College Class of 2019's student loan debt was expanded to cover the student loans their parents took out for their children's educations, the school announced Friday. Smith's generosity could raise awareness of the growing amount of , money they borrowed either for their kids to attend college or for their own education."This liberation gift from Robert Smith — the first of its kind to be announced at a graduation in higher education — will be life-changing for our new Morehouse Men and their families,” David A. Thomas, president of Morehouse, said in a statement. Smith, founder, chairman and CEO of Vista Equity Partners, has now donated $34 million to more than 400 of the students and parents of the historically black college for men. "It is our hope that our graduates will use their newfound financial freedom to pursue their career goals, to lead and serve the community, and to remember the spirit of the gift given to them by paying it forward to support the education of future classes of Morehouse Men,” Thomas said.