Economic Collapse

[dickmilde]

Billionaire Commencement Speaker Shocks Grads With Promise To Pay Off Student Loans

A billionaire philanthropist and technology investor told the graduating class of Morehouse College that he would wipe out the student debt of the entire graduating class, estimated to be around $40 million, according to Time.
Robert F. Smith, this year’s commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. Smith is the Founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data, and technology-driven companies. -Time

( This is an all black liberal arts school in Atlanta…. Only 53% of of them graduated. It would be interesting to follow these students in their life and see how many of them are better off because someone else took them out of debt. My guess is that 90% of them will be back in unsustainable debt and crying poverty because they weren't given a fair chance. )

More...
https://www.zerohedge.com/news/2019-05-19/billionaire-commencement-speaker-shocks-grads-promise-pay-student-loans