A graduation gift to remember...and pay forward.
Robert F. Smith is a a billionaire investor and philanthropist. As he gave a commencement speech to the class of 2019 at Morehouse College, he surprised the students with a pledge...to pay off each graduate's student loan debt - in full.
Smith is the founder and CEO of Vista Equity Partners, an investment firm...and his estimated net worth is about 5 billion dollars. His gift to the 400 students graduating this year, is estimated at about $40 million.
Now, just imagine you are one of the kids who worked their way through college, and did NOT incur any debt?