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A billionaire commencement speaker at a Georgia college announced that he will pay off the Class of 2019's student loans

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Robert F. Smith [Morehouse College Twitter]
Robert F. Smith [Morehouse College Twitter]

A billionaire commencement speaker at Georgia's Morehouse college announced he would be paying off the graduating class's student loans.

Robert F. Smith, a technology investor and philanthropist who's CEO and chairman of Vista Equity Partners, told the 400-member Class of 2019 in his Sunday speech at the all-male historically black college that he would be creating a grant to wipe the graduates' student debt.

"My family is going to create a grant to eliminate your student loans," Smith, who is currently ranked as the 355th richest person in the world by Forbes, said to the graduating seniors. "You great Morehouse men are bound only by the limits of your own conviction and creativity."

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