Morehouse president David A. Thomas praised the generous gift, which would mean at least 396 students not hobbled by debt that could take years, even decades to pay back.
Smith was the commencement speaker at the University of Colorado Denver's graduation in 2017, the university where his father earned his doctorate 45 years prior. According to published figures, recent Morehouse classes have graduated with roughly $10 million in total debt.
That was recently made clearer by Singapore's richest man, Philip Ng Chee Tat, who equally took the world by surprise when he said living without Jesus and focusing on material things is a sad way to live. "Between our community and the American Dream is leadership", Smith said to the graduates.
"This is my class, 2019", he said, personally claiming the graduating seniors as his own.
Billionaire Smith made the unprecedented announcement on Sunday, May 19, when he visited the all-male college in Atlanta, United States (US), to speak to the graduating class, according to Aljazeera and other global news outlets privy to the multi-million pledge.
The Minnesota senator Amy Klobuchar has said she is not in favour of debt- or tuition-free college, telling CNN: "If I were a magic genie and could give that to everyone and we could afford it, I would".
Nigel Farage welcomes Mark Reckless to Brexit Party Many of you will want to protest against the failure of all the parties at Westminster to deliver Brexit by voting for Mr Farage. The pro-EU Liberal Democrats, who have explicitly called for a second referendum on Brexit, are on 15%, up 3 points.
"Three-hundred-and-ninety-six individuals will have their debt wiped out thanks to Robert F. Smith", Thomas said.
Smith talked briefly about his family, saying one of his daughters is graduating from New York University this week, another is finishing high school and will attend Barnard College in the fall, and his niece is graduating from his alma mater Cornell University next week. "I know that for a fact", he said.
Student loan debt in the United States of America reached its highest level in history in 2019, totalling about $1.5 trillion among 44 million borrowers in the US.
Morehouse is a historically black college, one of more than 100 schools founded to serve African-American students, mostly in the US South, before the 1964 Civil Rights Act outlawed school segregation.
Thank You @RFS_Vista for this outstanding gift to the 2019 graduating class at Morehouse College!
"Where you live shouldn't determine whether you get educated".
Smith, a dad of three, is the founder, chairman and CEO of private equity firm Vista Equity Partners, which he created in 2000.
The chief of Iran's Revolutionary Guard says the country is in a "full-fledged intelligence war with the U.S". The USS Abraham Lincoln sails south in the Suez canal near Ismailia toward the Persian Gulf, May 9, 2019.
Trump tweeted out "I am strongly Pro-Life , with the three exceptions - Rape , Incest and protecting the Life of the mother". This ongoing abortion debate will likely be a key topic for the Supreme Court this year.
Schwartzman will face the victor of Novak Djokovic vs Juan Martin del Potro , with the pair in action later this evening. Federer, playing in the event for the first time since 2016, beat Joao Sousa in straight sets earlier in the day.
Keylor Navas bid farewell after the game and the Uruguayan hailed his teammate's contribution to Los Blancos over the years. According to Spanish station Radio Estadio , he said: "I've got three years left on my contract".
Among his most well-known projects were the Louvre Pyramid in Paris, the Bank of China Tower in Hong Kong and the John F. Pei was born in Guangzhou, China, and raised in Hong Kong and Shanghai, before moving to the United States in 1935.
With hair tied in bun and bangs in the front, she completed the look with minimal jewellery by David Morris and nude make-up. Screening of the film " Rocketman " out of competition - Red Carpet Arrivals - Cannes , France , May 16, 2019.
Rounding out the top five is United Artist Releasing's " The Hustle ", pocketing $6 million over the three-day frame. That movie debuted with $18 million and went on to earn $64 million at the domestic box office.
The Royal Family's official page specified that she will be co-designing the Royal Horticultural Society Garden. The duchess's woodland wilderness plot forms part of her work on early childhood development.
WWE's Money In The Bank matches include a guaranteed title match to the victor of the briefcase hanging high above the ring. After the match, Flair and Evans started beating Lynch up but a familiar music hit and out came Bayley to save Lynch.
And Wilder also told Showtime that he plans on facing Tyson Fury in a world title rematch after their draw a year ago . It took a long time to get there (about 40 fights), but Wilder has become must-watch television.
He claimed Mr Trump had "engaged in specific actions" that "meet the threshold for impeachment". If he actually read the biased Mueller Report, "composed" by 18 Angry Dems who hated Trump, ".
Game of Thrones fans fuming over Season Eight finale
Sign up for Decider's Game Of Thrones newsletter - it's everything you need to help you emotionally process this final season. The Game of Thrones finale saw Dany murdering everyone in King's Landing who was still loyal to Cersei.
Scarlett Johansson announces engagement to Colin Jost
Hollywood actor Scarlett Johansson and Saturday Night Live star Colin Jost are engaged after dating for two years . According toPeople, Johansson's publicist, Marcel Pariseau confirmed the news to the Associated Press on Sunday.
De Ligt still interested in Man United move
The teenage centre-back has been impressive for Ajax this season and led his side to the semi-finals of the Champions League . Balague claims that Liverpool have been in talks with the defender as they look to add him to their squad this summer.
Out of nowhere Redmi Note 7S to launch on May 20
Redmi Note 7S can separately buy a Quick Charge 4 charger to take advantage of 18W charging on the device. This pricing puts the Redmi Note 7S sandwiched between the Redmi Note 7 and the Redmi Note 7 Pro .
Google keeping tabs on your online purchase history
One cornerstone of the upcoming Android Q operating system update is better and more transparent privacy and data deletion tools . In 2017, the tech monster said it would quit using information gathered from Gmail messages to personalize advertisements.
I M Pei, a pillar of modern architecture, dies at 102
He then enrolled in Harvard University's Graduate School of Design, where he received a master's degree in architecture in 1946. One of the most famous architects of his time, Pei designed numerous famous buildings around the world before retiring in 1990.
Nadal outlasts Djokovic for ninth Italian Open win
As he walked to his chair after winning the second set, Djokovic waved his arms to get the crowd behind him. The Spanish great avenged a loss to the rising 20-year-old Greek star a week ago at the Madrid Open .
Tiger Woods flirting with a missed cut at the PGA Championship
That would have been nice to shoot 60. "He's pretty darn good at winning majors", said Rickie Fowler , who posted a one-under 69. And that's what I love. "When you're hitting driver, pitching wedge every hole". "You've just got to keep the pedal down".