University students their diplomas at a college in the USA the surprise of their lives during their commencement ceremony. Students at Morehouse College in Atlanta, Georgia were to a speech from the philanthropist Robert F. Smith, a recipient of an honorary degree from Morehouse. Mr Smith his speech by the 400 students that he would off their student loans and debt. He said: "This is my class, 2019, and my family is a grant to their student loans." He added: "On behalf of the eight generations of my family who have in this country, we're going to put a little fuel in your bus." Mr Smith's kindness is estimated to worth about $40 million.
Robert F. Smith, 56, from Columbia Business School, where he an MBA with honors. In the year 2000, he the investment company Vista Equity Partners, which currently over $46 billion in assets. His company him a multi-billionaire. Mr Smith was the first African-American to the Giving Pledge, where people promise to at least half of their wealth to philanthropic causes. One graduate to from Smith's generosity said it would have an "immeasurable impact" on his life. Dwytt Lewis, 21, whose $150,000 loan is now no more, added: "Just imagine the weight off your shoulders when you have a clean slate out of college."