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USA: Certified billionaire repays student debts for all promotion

An unforgettable graduation. This Sunday, students at the University of Morehouse in Atlanta, USA, learned in a speech that they no longer had to worry about their student loan.

Robert F. Smith, a black billionaire, came to the 2019 promotion that he would take over all his student debts. That’s about 40 million dollars in all. An unforgettable graduation.

Robert F. Smith had already announced earlier this year that he would donate $ 1.5 million to the university, but Sunday’s announcement was a surprise. His speech was obviously greeted by shouts of joy and applause from some 400 graduates.

According to a spokesperson, this is the largest donation in the history of the university, attended by Martin Luther King Jr., Spike Lee and Samuel L. Jackson.

In 2015, the billionaire became the richest African-American according to Forbes. Her fortune surpasses that of Oprah Winfrey – who also gave to Morehouse. The staggering cost of university education and debt problems have made the student loan issue a national affair in the United States. Student debt now exceeds $ 1 trillion, according to the agency Fitch.

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